What Will Influence How Much Dentistry People
Are Prepared to Buy at a Particular Time?
n The most important factor is price, the more
expensive it is to buy dentistry all other factors
remaining constant the less we will buy.
If price rises then the relative price changes, dentistry is
now more expensive compared to other goods and
services.
n Economists assume that people are satisfaction
    maximizers. This means that we all try to gain as
much satisfaction as possible from our consumption
of goods and services. So we react to the fact that
dentistry is now relatively more expensive by
choosing to buy less of it and more of something else
instead (substitution effect).