Respond to each of the following questions (130-150 words each):
**Explain the law of demand and the law of supply.
**Distinguish between demand and quantity demanded. What determinants cause a shift in demand?
**What is the law of diminishing returns? Please give an example.
**What are the primary factors that have caused and relieved shortages in the physician workforce over time?
**Compare and contrast the public interest and special interest theories that describe the motivation behind government intervention in the health care market. Which theory do you believe is the most accurate?
**What is the information imperfection in health care and how does it impact the efficiency of the market?
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