Assuming you were just hired as a healthcare manager for Pharmacy. In related to demand theory addressing the following questions:
- What is the shape of the demand curve for the services you provide? (e.g. elastic, inelastic) Explain why. Include a discussion of the implications of health insurance coverage for your services provided.
- Identify potential substitutes and complements and their impact on the demand curve?
- Explain the factors that might lead to a shift in the demand curve for your service?