Consumer Demand
Because different commodities or actions will deliver different amounts of Health Units, to obtain a particular amount of Health Units (H*), the quantity of the commodity that will be required will vary.
This chart is an accurate description for both the “Single Commodity” case, as well as the “Aggregate across all Commodities in the Economy” case.
Therefore, for the entire economy,
- At an Average Effective Value (Health-Units) per unit Quantity of P,
- Consumers will require a quantity of Q
- In order to attain their expected level of Human Health & Welfare H*.