Question1. Which of the following factors that aff

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Question1. Which of the following factors that affect supply do NOT shift the supply graph to the right?Technological changesSize of the industryWeatherInput prices2. There is a negative relation between income and the demand for health care: the richer the country, the greater the demand for health care.TrueFalse3. _______ costs are easily identified because a recent market transaction is available to provide an accurate measure of costsImplicitDirectExplicitIndirect4. In general, goods and services which are close substitutes have higher price elasticitiesTrueFalse5. ________ is the sole provider of a good or service in a well defined market with no close substitutions.Perfect competitionOligopolyMonopolyOligopolistic competition6. _______ examines how changes in market conditions influence the positions of the demand and supply curve and cause the equilibrium price and quantity to change.Marginal private benefitMarginal private costComparative statics7. If the percentage increase in the quantity consumed is greater than the associated percentage increase in income the good is called___Superior goodInferior goodNormal good8. A good for which income elasticity is positive but less than one. The good is called a(n) ___Superior goodNormal goodInferior good9. The ___ effect would encourage the substitution of other consumer goods for investment in health as one ages.substitutionadditionsubtraction10. Which is not a state health incentive?The Oregon Health PlanHawaii’s Universal CoverageMinnesota CareCalifornia Universal Health Coverage The post Question1. Which of the following factors that aff first appeared on.

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