Which of the following statements is true?
a. Over time, when demand for health care continues to rise relatively more than supply, the cost of health care falls.
b. Over time, when demand for health care continues to rise relatively more than supply , the cost of health care continues to rise.
c. An increase in the demand for health care is accompanied by an outward shift in the supply curve
d. The price of health care rises either with a fall in demand or an increase in supply.
e. The change in the demand for health care with no change in supply causes the price to fall continuously.
b
Economics
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Refer to Figure 4-1. If the market price is $2.50, what is the consumer surplus on the second ice cream cone?
A) $0.50 B) $1.50 C) $3.00 D) $10.50
Economics
Employing Figure 4-3 above, the initial equilibrium is point D and government expenditures increase by ________ shifting the IS curve from IS0 to IS1 and crowding out is approximately ________
A) 500, 500 B) 250, 500 C) 1000, 1000 D) 1000, 250
Economics