Economics of Health
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Determine whether and how each of the following factors would shift the demand curve for chiropractic visits:
a. an increase in the out-of-pocket price of chiropractic visits
b. an increase in back problems
c. a reduction in the out-of-pocket price for chiropractic visits
d. an aging of the population
e. an increase in the out-of-pocket price of back surgery (a substitute for chiropractic services)
f. a reduction in the price of radiographs (a complement of chiropractic services)
g. an advertising campaign that makes people more aware of the benefits of chiropractic care (Jacobs 76)
Jacobs, P.. The Economics of Health and Medical Care, 5th Edition. Jones & Bartlett Publishers.
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The solution discusses the economics of health.
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Determine whether and how each of the following factors would shift the demand curve for chiropractic visits:
a. an increase in the out-of-pocket price of chiropractic visits
It will not shift a demand curve where the price axis is "out-of-pocket price of chiropractic visits" because you just move up on the demand curve.
b. an increase in back problems
Will shift the demand curve to the right because at any given price, ...
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