The figure given below represents demand for and supply of hospital beds in Anytown, U.S.A. , as shown by curves D and S1 in the following figure.If the hospital receives permission to expand, its new supply curve will be S2.Price level P1 is the fixed prospective payment reimbursement rate paid by Medicare to the hospital, regardless of actual cost. Figure 18.3 
Based on the information given in Figure 18.3, in order to increase its occupancy rate prior to the expansion, this hospital should:
Definitions:
Quantity
Quantity refers to an amount or number of a material or immaterial thing not requiring a unit of measure.
Meaning
The significance, definition, or explanation of a concept, word, or phrase.
Relation
The way in which two or more concepts, objects, or people are connected; a thing's relative position or standing.
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