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How will each of the following affect the individual demand curve for the flu vaccine? Left...

How will each of the following affect the individual demand curve for the flu vaccine?

Left Shift, Right Shift, or No effect for the individual demand curve for the flu vaccine?

  An increase in the price of the flu vaccine.

  A news report that the flu vaccine does not protect against the flu.

  An increase in the number of people at greater risk for having the flu.  

Solutions

Expert Solution

An increase in the price of the flu vaccine.

Here though there is increase in price but still it will necessary to recover a person. So people will go to medical store and buy it.

Hence  An increase in the price of the flu vaccine = No effect for the individual demand curve for the flu vaccine

A news report that the flu vaccine does not protect against the flu.

In this situation there will be decrease in the demand of flu vaccine as there is no use of vaccine of flue.

Hence A news report that the flu vaccine does not protect against the flu =  Left shift for the individual demand curve for the flu vaccine

  An increase in the number of people at greater risk for having the flu.

So in this situation there is increase in the demand of flue vaccine as there is high risk for having the flu.

Hence   An increase in the number of people at greater risk for having the flu = Right shift for the individual demand curve for the flu vaccine

Hope this will help you. Thank you :)

milcah answered 1 year ago
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