Identify the sub market you have Selected in the first line of Your Posting

•Physician services

•Nursing services

•Medical technician services

•Physical facilities (e.g., hospitals, specialized, imaging, long-term care)

•Medical technology

•Pharmaceuticals

write a cohesive response to the following:

•Identify the submarket you have selected in the first line of your posting.

•Briefly summarize how supply in this health care submarket differs from supply in other non-health care markets. What is unique about supply in this submarket? What are the most important factors that influence supply?

•Would you expect the supply curve for this submarket to be elastic or inelastic? Provide a rationale for your answer. What is one potential implication of the elasticity or inelasticity of this good or service for those working in health care organizations?

3 references (scholar peer reviewed, at least one from book “Health Economics and Financing” by Thomas E. Getzen, 5th edition)


 

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