Healthcare Economics Case Study Example | Topics and Well Written Essays - 500 words

Healthcare Economics - Case Study ExampleIt is therefore apparent that the coiffure of the said question applies the same. It is easy to measure of effects of smoking on individuals than to measure the effects of antismoking campaigns on health. You can non measure the effects of antismoking campaigns on health before measuring the effects of smoking on individuals. Measuring the effects of smoking on individuals is what derived the antismoking campaigns. Knowing the effects of smoking on individuals led to a derived need of anti-smoking campaigns on Health, once the effects of smoking on individuals is measured then the need of antismoking campaigns arises and that is what positively contri hardlyes to health. Therefore, without measuring smoking effects on individuals, it is hardly accomplishable to know even whether there is a need of antismoking campaigns because it is not assured how harmful it is for the individuals. Through having a price elasticity of less than 1, supply is not so sensitive to prices and based on the high-income target market of individuals with $250,000 per annum. Ideally, a price increase for a luxury maternity unit will cool off be viable and there is bound to be a sure market for the good. With a decrease in income, the income elasticity of demands is bound to change. It will be grater than 1 thus implying that demand for a good becomes more sensitive to a change in income. This only happens in an ideal environment but the economy is always sensitive to changes and employers who are profit minded would go for better pay to their employees.