Suppose there is an increase in the supply of nurses. Illustrate the product market for hospice care, where Dp represents the initial demand for hospice care, S1 represents the initial supply of hospice care, P1 represents the equilibrium price and Q1 represents equilibrium quantity. Explain how this change affects the resource market. Does this cause nurse salaries to increase or decrease? Graph the new supply curve after the salary change (S2), as well as the new equilibrium price (P2) and

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