Multiple Choice
The figure given below shows the demand (D) and supply (S1 and S2) curves of medical care. Figure 32.2
Refer to Figure 32.1.The possible reason behind the shift of the supply curve from S1 to S2 is:
A) increased preference for herbal medicine among the people.
B) increase in the marginal cost of producing medical care.
C) increase in the per capita income of the people.
D) economies of scale being experienced in the production of medical care.
E) greater health consciousness among the people.
Correct Answer:

Verified
Correct Answer:
Verified
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