150 words What factors influence the demand for health-related goods

150 words

 

  • What factors influence the demand for health-related goods and services?
  • Describe the law of demand. and provide an example specific to healthcare.
  • What are the substitution effect and income effect?
  • How could an increase in the price of physical therapy services and a decrease in the price of surgery affect the demand for physical therapy services and the demand for surgery services based on the substitution effect?