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Izzydhindsa Izzydhindsa
wrote...
Posts: 457
4 years 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.

Textbook 
InMicro

InMicro


Edition: 1st
Authors:
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Answer verified by a subject expert
jackjohnson74jackjohnson74
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Posts: 384
4 years ago
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Izzydhindsa Author
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4 years ago
Helps a lot... Now I'm ready for my quiz
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