What are some causes of change in supply and demand? How do they affect equilibrium price and quantity?

Write a 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), addressing the following
items:

·
Explain how resource scarcity 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?

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