62.8k views
4 votes
Suppose the licensure requirements for health care providers were eliminated. Use supply and demand curves in a graph to predict what may happen to the price and quantity of health care services?

User MOHAMED
by
8.2k points

1 Answer

4 votes

Final answer:

Eliminating licensure requirements for healthcare providers would lead to a decrease in price and an increase in quantity demanded of healthcare services, while also increasing the quantity supplied.

Step-by-step explanation:

Eliminating licensure requirements for healthcare providers would have a significant impact on the market for healthcare services. In the demand and supply framework, the price of healthcare services would likely decrease due to the increased number of healthcare providers entering the market.

This would result in a higher quantity demanded as healthcare becomes more affordable and accessible to consumers. Additionally, the quantity supplied of healthcare services would increase as more providers are able to enter the market without licensure restrictions.

User Ken Franqueiro
by
7.3k points