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Home Q & A Board Other Fields Homework Help Business Economics
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Izzydhindsa Izzydhindsa
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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.

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InMicro

InMicro


Edition: 1st
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jackjohnson74jackjohnson74
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4 years ago
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Izzydhindsa Author
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#2
4 years ago
Helps a lot... Now I'm ready for my quiz
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