Writea paper of no more than 700 words about the market for a health care good or service, such as home health care or nursing care facilities (you don’t have to pick from one of these. I encourage you to select something of interest to you. However, I will not accept papers on the topics of blood donation or organ donation as there are too many papers floating around to be purchased on these topics),addressing the following items:
· Explain how resourcescarcity influences this market and describe choices stakeholders must make.
· Describe economic flows that affect the health care market.
· What are some causes of change in supply and demand?How do they affect equilibrium price and quantity?
· Are the pricing decisions for this market elastic or inelastic? How does that affect the decisions?