× Didn't find what you were looking for? Ask a question
Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
New Topic  
stfajar stfajar
wrote...
Posts: 354
5 years ago
Use the concept of supply and demand to explain why an increase in Medicare subsidies can lead to an increase in health care spending by the government.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 36 times
2 Replies

Related Topics

Replies
wrote...
5 years ago
 Medicare reduces the price that the elderly people have to pay for health services, so that an increase in the subsidy will lead to an increase in the quantity demanded of health services. As a result, the government ends up paying more in total health care spending.
stfajar Author
wrote...
5 years ago
Electric Light Bulb Correct, thanks!
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  1101 People Browsing
Related Images
  
 261
  
 373
  
 561