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Scenario 3-1: Workers in nursing homes regularly experience a number of physical and psychological health and safety issues. Incidents can involve twisting and/or lifting injuries, contact with viruses and bacteria, as well as stress-related illnesses from dealing with very sick and dying patients. At Restwell Manor there are 80 employees who work an average of 6 hours per day for 250 days a year. In the past year, the employer reported a total of 8 injuries for a total lost time of 50 days.
-What assistance would workers' compensation be most likely to pay for if a Restwell Manor worker develops chronic depression after working with Alzheimer/dementia patients for three years?
Shortage
A condition where there's more market demand for a product or service than what is supplied.
Equilibrium Price
The rate at which the volume of goods available meets the volume of goods sought.
Surpluses
The amount by which supply exceeds demand, often referring to goods, services or public finances.
Shortages
A situation where the demand for a product or service exceeds the supply available at a specific price.
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