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With Increasing Costs to the Canadian Health System, What Are

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Essay

With increasing costs to the Canadian health system, what are some ways the government could try to mitigate this increase?


Definitions:

Market Prices

The amount of money required to purchase a good or service in a market.

Quantities Demanded

The total amount of a good or service that consumers are willing and able to purchase at a particular price in a given market.

Substitute Products

Products that can serve as replacements for each other; when the price of one increases, the demand for the substitute is likely to increase.

Price

The charge in currency projected, demanded, or provided in recompense for something.

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