2023 Health Demand Elasticity Principle and Agent in Determining Demand for Medical Care Please respond to the following Use the

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Nursing 2023 12 HOUR DEADLINE! 1 discussion question with examples! No intro or conclusion needed!

Health Demand Elasticity Principle and Agent in Determining Demand for Medical Care Please respond to the following Use the 2023 Assignment

“Health Demand, Elasticity, Principle and Agent in Determining Demand for Medical Care”  Please respond to the following:

  • Use the   U.S. National Library of Medicine Website   and review the glossary of frequently encountered terms in Health Economics. and compare the primary individual factors that influence demand, and explain the significant ways in which each affects the demand curve. Provide at least one (1) example of these factors to support your rationale.
  • Imagine a situation where consumers have incomplete information about their health status and about the productivity of medical care. Examine the roles of the principal and the agent in helping consumers to determine the demand for medical care in the described situation. Provide at least one (1) detailed example of such roles in action to support your response.

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