As the population of elderly in the United States increases:

Question

Quizplus · Accepted Answer

As the population of elderly in the United States increases, their demand for certain products (such as healthcare and specialized services) will increase, causing the demand curve for those products to shift rightward. However, this does not necessarily mean that the supply curve will become vertical, and it also does not apply to all products and services. The overall supply and demand curves for the economy as a whole may shift, but it depends on the specific circumstances.

As the Population of Elderly in the United States Increases