Which of the following is a demand-increasing factor in the health care market?

A) rising incomes
B) the aging of the population
C) asymmetric information
D) all of these

Question

Which of the following is a demand-increasing factor in the health care market?A) rising incomesB) the aging of the populationC) asymmetric informationD) all of these

The Twin Fighters · Accepted Answer

Final Answer : D, Explanation :  All of these factors can lead to an increase in demand within the health care market. Rising incomes allow individuals to afford more health care services. The aging of the population increases the need for health care services as older individuals typically require more medical attention. Asymmetric information, where one party has more or better information than the other, can also lead to increased demand as consumers may rely on the advice of medical professionals to make health care decisions, potentially leading to the consumption of more services than necessary.

Which of the following is a demand-increasing factor in the health care market?

A) rising incomes
B) the aging of the population
C) asymmetric information
D) all of these

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