The figure above shows the market for annual influenza immunizations the United States. If the government intervenes in the market and provides a $10 subsidy to providers of immunizations, the number of people immunized is ________
A) 20 million per year.
B) exactly 10 million per year.
C) between 15 and 20 million per year.
D) less than 10 million per year.
E) more than 10 million and less than 15 million.
E
Economics
You might also like to view...
If the government decides to levy an ad valorem tax on product with a perfectly inelastic supply. The consumers tax incidence will be
A) 0 B) 1 C) .5 D) Cannot be determined.
Economics
As a result of moral hazard
A) both physicians and hospitals order more procedures. B) physicians and hospital administrators have no incentive to raise costs. C) patients increasingly have to worry about the expense of operations and other medical procedures. D) both physicians and hospitals have a financial interest in trying to keep hospital costs down.
Economics