1. "Effect of Supply and Demand on the Price Americans pay for
Nowadays, Americans live longer and healthier than they have recent history, in fact, the average life expectancy of Americans is currently about 77 years old (www.publicagenda.org). ... Increasing Incomes of American families have been one of the major factors in the increase of the demand curve. Economists theorize that spending on health care increases in proportion to the amount of income families" gain, meaning that for an increase of 2% in income, families spend 2% more on health care. ... As of 1998, the average annual expenditure per consumer for health care was $1904 (Contemporary...
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