Refer to the below table. Assume that health insurance pays two-thirds the cost of health care. For the consumer, the price and quantity of health care consumed would then be:

Use the table below to answer the question. The table shows the hypothetical demand and supply schedule for health care



A. $300 and 400 units



B. $300 and 600 units



C. $200 and 700 units



D. $200 and 300 units

C. $200 and 700 units

Economics

You might also like to view...

To operate efficiently, an economy generally "needs" ________ unemployment

A) structural B) cyclical C) seasonal D) frictional

Economics

As output increases, the ATC

a. increases. b. decreases. c. remains constant. d. falls and then rises.

Economics