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Izzydhindsa Izzydhindsa
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Posts: 341
A week ago

Question 1.

Figure 7-2



Figure 7-2 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services.



Refer to Figure 7-2. If consumers paid the full price of medical services, the price they would pay is



$25.



$40.



$55.



>$55.



Question 2.

Figure 7-2



Figure 7-2 represents the market for medical services with and without insurance, and the effect of a third-party payer system on the demand for medical services.



Refer to Figure 7-2. If consumers paid the full price of medical services, the equilibrium quantity would be



200.



500.



700.



>700.

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Edition: 1st
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jackjohnson74jackjohnson74
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Posts: 323
A week ago
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Answer 1

$40.



Answer 2

500.

1

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