Supply in Healthcare Market
Post a 300-350 word discussion on the following:
market of supply for this discussion is Medical Technology
Briefly summarize how supply in this health care sub-market (Medical Technology) differs from supply in other non-health care markets. What is unique about supply in this sub-market (medical technology)? What are the most important factors that influence supply?
Would you expect the supply curve to be elastic or inelastic? Provide a rationale for your answer. What is one potential implication of the elasticity or I elasticity of this good or service for those working in health care organizations?
