The figure given below shows the demand (D₁and D₂) and supply (S) curves of medical care. Figure 18.1

-Refer to Figure 18.1.The possible reason behind the shift of the supply curve from S₁ to S₂is:

Question

The figure given below shows the demand (D₁and D₂) and supply (S) curves of medical care. Figure 18.1

The figure given below shows the demand (D<sub>1 </sub>and D<sub>2</sub>) and supply (S) curves of medical care. Figure 18.1 -Refer to Figure 18.1.The possible reason behind the shift of the supply curve from S<sub>1</sub> to S<sub>2 </sub>is: A) increased preference for herbal medicine among the people. B) increase in the marginal cost of producing medical care. C) increase in the per capita income of the people. D) economies of scale being experienced in the production of medical care. E) greater health consciousness among the people.

-Refer to Figure 18.1.The possible reason behind the shift of the supply curve from S₁ to S₂is:

Quizplus · Accepted Answer

The shift in the supply curve from S₁ to S₂ may have occurred due to an increase in the marginal cost of producing medical care. This could happen due to several reasons, such as an increase in the cost of labor, raw materials, or technology used in the production process.

The Figure Given Below Shows the Demand (D1 and D2)

The Figure Given Below Shows the Demand (D₁and D₂)