Assignment 1: Price of Services and Quantity Demanded
To be able to explain and predict a phenomenon, we need to understand what caused it. Through cause-and-effect analysis, we are able to identify the cause of observed events and predict future events. Select two different healthcare services and research the services using your textbook, The Economics of Health and Medical Care, Six Edition, the Argosy University online library resources, and the Internet. Explore how the price of the services may impact demand, as well as the quantity demanded.
Based on your research, write a paper including the following:
Desrption of the selected healthcare services
Price of the services, including any variations
Quantity demanded, specifying the measure you use
Comment on the relationship between price and quantity demanded
Write a 2- to 3-page paper in Word format. Apply current APA standards for writing style to your work. All written assignments and responses should follow APA rules for attributing sources.
Use the following file naming convention: LastnameFirstInitial_M2_A1.doc.
By Wednesday, November 9, 2016, deliver your assignment to the M2: Assignment 1 Dropbox.
Assignment 1 Grading Criteria Maximum Points
Described the two selected healthcare services. 8
Summarized price data for the two selected healthcare services. 8
Summarized quantity demanded data for the two selected healthcare services. 8
Commented on the relationship between price and quantity demanded. 8
Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources, displayed accurate spelling, grammar, and punctuation. 4
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