Determine whether and how each of the following
factors would shift the demand curve for...

Question

Determine whether and how each of the following
factors would shift the demand curve for chiropractic visits:
a.An
increase in the out-of-pocket price of chiropractic visits
b.An
increase in back problems
c.A
reduction in the out-of-pocket price for chiropractic visits
d.An
aging of the population
e.An
increase in the out-of-pocket price of back surgery (a substitute for
chiropractic services)
f. A
reduction in the price of radiographs (a complement of chiropractic services)
g.An
advertising campaign that makes people more aware of the benefits of chiropractic
care

Robert · Accepted Answer

Determine whether and how each of the following factors would shift the demand curve for 
chiropractic visits: 
a. An increase in the out-of-pocket price of chiropractic visits 
Answer: 
Due to increase in the price of chiropractic visits, there will be decline in the quantity supplied of 
chiropractic visits and therefore we will move upward along the demand curve for chiropractic 
visits. 
b. An increase in back problems 
Answer: 
Due to increase in back problems, the demand for chiropractic visits will increase and therefore 
there would be rightward shift in the demand curve for chiropractic visits. 
c.

Determine whether and how each of the following factors would shift the demand curve for chiropractic visits: a.An increase in the out-of-pocket price of chiropractic visits b.An increase in back...

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