What sort of shift in supply or demand results equilibrium

Reference no: EM13180693

1. Name three other providers of urgent care services. Emergency departments, urgent care clinics, and walk-in clinics supply urgent care services.

2. What sort of shift in supply or demand would result in a market equilibrium with higher prices and sales volumes? A shift outward in demand could lead to an equilibrium with higher prices and volumes. What might cause such a shift?

3. What sort of shift in supply or demand would result in a market equilibrium with higher prices but lower sales volume? A shift inward in supply could lead to an equilibrium with higher prices but lower volumes. What might cause such a shift?

4. A laboratory has $4.2 million in revenues and $3.85 million in costs. What is its operating margin? The owners of the laboratory invested $6 million. What is the return on investment?

Reference no: EM13180693

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