1. "Effect of Supply and Demand on the Price Americans pay for
Increasing Incomes of American families have been one of the major factors in the increase of the demand curve. ... An aging population has also increased the demand curve. ... Although supply has not increased as much as demand, it has increased nonetheless. For example, the amount of doctors has increased from 435,000 in 1980 to 700,000 in 2000, an increase of more than 60% (Contemporary Economics, p.86). ... In this scenario, doctors and hospitals are forced to control costs because they know that only a certain amount of money will be earned per patient regardless of what type of care ...
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