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​Figure 52

Question 66

Multiple Choice

​Figure 5.2. The figure shows the supply and demand curves of a firm. ​Figure 5.2. The figure shows the supply and demand curves of a firm.   -In which of the following situations will the price of medical care decrease with an increase in its demand?​ A) ​When the supply of medical care is the same as the demand for medical care B) ​When there is an increase in productivity as a result of a technological advancement C) ​When there is an increase in the price of resources used to produce medical care D) ​When the supply of medical care increases more than the demand for medical care E) ​When there is an increase in future profit expectations
-In which of the following situations will the price of medical care decrease with an increase in its demand?​


A) ​When the supply of medical care is the same as the demand for medical care
B) ​When there is an increase in productivity as a result of a technological advancement
C) ​When there is an increase in the price of resources used to produce medical care
D) ​When the supply of medical care increases more than the demand for medical care
E) ​When there is an increase in future profit expectations

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