Physicians salaries increased substantially over the decade 1995-2005 from an average of $215,000 to $315,000.What is the best explanation for this?

Question

Quizplus · Accepted Answer

The increase in physicians' salaries can be attributed to the increase in demand for their services. As the population grows and ages, there is a greater need for healthcare services, leading to an increase in the demand for physicians. This increase in demand has allowed physicians to negotiate higher salaries.

Physicians Salaries Increased Substantially Over the Decade 1995-2005 from an Average