Answer to Question #91713 in Microeconomics for Ida

Question

The basic model of supplier-induced demand suggests that an increase in the number of physicians leads to an________, which leads to _________.

a.increase in demand; an increase in supply.

b.increase in demand; a decrease in supply.

c.increase in supply; an increase in demand.

d.increase in supply; a decrease in demand.

Answer 1

c)increase in supply,an increase in demand