help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / How would each of the following changes affect the demand curve for acupuncture? a

How would each of the following changes affect the demand curve for acupuncture? a

Economics

How would each of the following changes affect the demand curve for acupuncture? a. The price of an acupuncture session increases. b. A reduction in back problems occurs as a result of sessions on stretching on a popular television show. c. Medicare reduces the copayment for acupuncture from $20 to $10. d. The surgeon general issues a warning that back surgery is ineffective. e. Medicare stops covering back surgery.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

Here,

For option a:

If price increase, the demand curve decrease along the same curve

For option b:

TV show is helpful.It is a substitute so the demand curve shifts to the left

For option c:

If medicare reduces, demand shifts to the right

For option d:

If back surgery is ineffective then people move to acupuncture and demand shifts to the right

For option e:

If medicare stops covering back surgery, this means that substitute is more expensive. This shifts the demand curve to the right because accupuncture is more in demand now.

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)