1. Draw a supply-and-demand diagram that represents the health care market. Illustrate and explain the effects of Medicaid in the health care market. Separate the consumers of health care into two groups: poor and non-poor. The poor are eligible for Medicaid, which offers health care services to the poor free of charge. First, show the price of health care, quantities of health care available to the poor and the non-poor without Medicaid. Then, show the price of health care, quantities of health care available to the poor and the non-poor with Medicaid. Clearly explain and illustrate how the price of health care, the quantities of health care available to the poor and to the non-poor change.
2. You are sitting on an advisory board deciding whether to legalize the market in which people are free to buy and sell human kidneys. (a). Draw a supply-and-demand diagram to illustrate the organ shortage problem. Show how legalizing the kidney market could alleviate the shortage problem. [5 pts.] (b). Provide an externality argument that it may not be socially optimal to legalize the kidney market. Illustrate your answer with the supply-and-demand diagram and support it with examples or hypothetical scenarios. TO ORDER FOR THIS QUESTION OR A SIMILAR ONE, CLICK THE ORDER NOW BUTTON AND ON THE ORDER FORM, FILL ALL THE REQUIRED DETAILS THEN TRACE THE DISCOUNT CODE, TYPE IT ON THE DISCOUNT BOX AND CLICK ON ‘USE CODE’ TO EFFECT YOUR DISCOUNT. THANK YOU
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Stuart L
Thanks for keeping me sane for getting everything out of the way, I’ve been stuck working more than full time and balancing the rest but I’m glad you’ve been ensuring my school work is taken care of. I'll recommend Elite Academic Research to anyone who seeks quality academic help, thank you so much!
1. Draw a supply-and-demand diagram that represents the health care market. Illustrate and explain the effects of Medicaid in the health care market. Separate the consumers of health care into two groups: poor and non-poor. The poor are eligible for Medicaid, which offers health care services to the poor free of charge. First, show the price of health care, quantities of health care available to the poor and the non-poor without Medicaid. Then, show the price of health care, quantities of health care available to the poor and the non-poor with Medicaid. Clearly explain and illustrate how the price of health care, the quantities of health care available to the poor and to the non-poor change.
2. You are sitting on an advisory board deciding whether to legalize the market in which people are free to buy and sell human kidneys. (a). Draw a supply-and-demand diagram to illustrate the organ shortage problem. Show how legalizing the kidney market could alleviate the shortage problem. [5 pts.] (b). Provide an externality argument that it may not be socially optimal to legalize the kidney market. Illustrate your answer with the supply-and-demand diagram and support it with examples or hypothetical scenarios. TO ORDER FOR THIS QUESTION OR A SIMILAR ONE, CLICK THE ORDER NOW BUTTON AND ON THE ORDER FORM, FILL ALL THE REQUIRED DETAILS THEN TRACE THE DISCOUNT CODE, TYPE IT ON THE DISCOUNT BOX AND CLICK ON USE CODE TO EFFECT YOUR DISCOUNT. THANK YOU
Absolutely spot on. I have had the best experience with Elite Academic Research and all my work have scored highly. Thank you for your professionalism and using expert writers with vast and outstanding knowledge in their fields. I highly recommend any day and time.
Stuart L
Thanks for keeping me sane for getting everything out of the way, I’ve been stuck working more than full time and balancing the rest but I’m glad you’ve been ensuring my school work is taken care of. I'll recommend Elite Academic Research to anyone who seeks quality academic help, thank you so much!
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