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Question

Through the demand theory, a classmate turns to you and says, "I'm rather confused. According to economic theory, people demand a good or service because it yields utility. This obviously does not apply to medical services. Just last week I went to the dentist and had a root canal, and you can't tell me I received any utility or satisfaction from that!" Explain to your classmate how utility analysis can be used to explain why he went to the dentist.

 

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