Question

given the supply curve for radiographs by a radiology practice, predict how this curve will shift (supply will increase or decrease), if the following occur:

a) a decrease in the wages of radiological technicians

b) an increase in productivity

c) a decrease in the number of patients with multiple and rare problem

d) an increase in the wages of technicians

Answer 1

a) a decrease in the wage of radiological technicians will lead to entry of more radilogosit and an increase in demand is expected so this will increase the supply of the radiographs.

Thus supply curve will shift to the right that is supply increases.

b) An increase in productuvity will decrease the cost of supplying so the supply curve will shift to the right and thus the supply increases.

C) This decrease in number of patient will lead to decrease in the demand of the radigraphs in the market and thus the supply will decrease.

d) An increase in wage of technician will lead to decrease in supply of the radiology.