After World War I in 1945, the United States experienced a "baby boom" as birthrates rose and remained high through the early 1960s. In 2011, the first members o the baby boom generation became older than 65. What effect willthis have on the market for hospital facilities? As the first baby boomers become older than 65, the 0

A, demand curve for hospital facilities will shift to the right.

B. demand curve for hospital facilities will become vertical

C. demand curve for hospital facilities will shift to the left

D. supply curve for hospital facilities will shift to the right

E. quantity of hospital facilities demanded will increase.

Question

Alden

Business

23 May, 04:08

After World War I in 1945, the United States experienced a "baby boom" as birthrates rose and remained high through the early 1960s. In 2011, the first members o the baby boom generation became older than 65. What effect willthis have on the market for hospital facilities? As the first baby boomers become older than 65, the 0

A, demand curve for hospital facilities will shift to the right.

B. demand curve for hospital facilities will become vertical

C. demand curve for hospital facilities will shift to the left

D. supply curve for hospital facilities will shift to the right

E. quantity of hospital facilities demanded will increase.

+1

Answers (1)

Know the Answer?

Zachariah Fisher · Answer 1

The correct answer is A. As the first baby boomers become older than 65, the demand curve for hospital facilities will shift to the right.

Explanation:

The fact that many baby boomers begin to reach the age of 65, that is, they reach the stage of old age, implies that there will be a progressive increase in the demand for hospitals, clinics and medical centers, because the higher the age, people have greater medical complications that require hospitalizations, clinical studies and other tasks that are performed in these places.

Therefore, the demand for these facilities will increase, with which the demand curve will move to the right, as this increase in demand does not depend on a given price situation.