Refer to Figure 7-4. With insurance and a third-party payer ...

[evelyn o bentley]

Refer to Figure 7-4. With insurance and a third-party payer system, what is the amount of the deadweight loss?
 
  A) 0 B) 1,500 C) 3,000 D) 9,500

Question 2

In response to a shortage the market price of a good will rise; as the price rises, the demand will decrease and supply will increase until equilibrium is reached.
 
  Indicate whether the statement is true or false

[Kimmy]

Answer to Question 1

C

Answer to Question 2

FALSE

[evelyn o bentley]

Thank you

[Kimmy]

Happy to help you