What Taylor Swift has in common with your family doctor
, the United States, Australia and the Caribbean, catch-up has been slow. Canada has among the developed world’s lowest number of doctors per capita.
Why? Because demand exceeds supply. And markets resolve shortages by rationing through higher prices. Can’t pay the high price that balances supply and demand? Then you’re not going to the Taylor Swift concert. If she wanted, Ms. Swift could fix her supply-demand imbalance, and lower prices, by adding more concert dates.
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