Predict the Effect of the Following Changes on the Market

question 5

Essay

Predict the effect of the following changes on the market price and quantity utilized of eye examinations conducted by ophthalmologists:
a) an increase in the amount of insurance coverage for eye exams
b) an increase in the number of ophthalmologists
c) a decrease in the average age of the population
d) a decrease in the price of eyeglasses

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Definitions:

India

A country in South Asia, known for its diverse geography, languages, cultures, and history.

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