A feature of the health-care market is:
A) that demand has fallen relative to supply.
B) that supply has increased relative to demand.
C) that demand has increased relative to supply.
D) all of the above.

Question

Quizplus · Accepted Answer

The health-care market is typically characterized by an increase in demand relative to supply, which is due to factors such as population growth, aging of the population, and advances in medical technology. This has led to rising health-care costs in many countries, as providers are able to charge higher prices due to the high demand for their services.

A Feature of the Health-Care Market Is