If the demand and supply curves are described by the following equations P = a - bQ and P = c + dQ, respectively, the equilibrium quantity is Q* = (a - c) / (b + d)

Canada has nationalized health care, so that everyone, regardless of their ability to pay, has some access to health care

Based on this observation, Canada has decided that "everyone, regardless of their ability to pay" is the answer to what microeconomic question? A) What type of health care will be produced and in what quantity? B) How will health care be produced? C) For whom will health care be produced? D) Why will we offer health care? E) Must we offer health care?

Refer to Figure 4.7. You will receive a payoff of -5 points if you ask for points and so do ________ of your classmates

A) 3 B) 4 C) 5 D) none of the above