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Author Question: Figure 5-4 represents the supply and demand for medical services with and without a ... (Read 35 times)

Kikoku

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on: Mar 15, 2019

Figure 5-4






Figure 5-4 represents the supply and demand for medical services with and without a third-party payer.






Refer to Figure 5-4. Answer the following questions:

1. What would be the equilibrium price and quantity if consumers had to pay the full price of medical services?

2. With insurance acting as a third-party payer, what price will consumers pay for medical service?

3. With insurance acting as a third-party payer, what price will doctors receive for medical service?

4. With insurance acting as a third-party payer, what will be the equilibrium quantity of medical services?

5. With insurance acting as a third-party payer, what will be the value of the deadweight loss?

« Last Edit: Mar 15, 2019 by Celeste »
Macroeconomics ¦ Hubbard, O'Brien ¦ 6th Edition
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Marked as best answer by Kikoku on Mar 15, 2019

ASDFGJLO

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Reply #1 on: Mar 15, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Kikoku

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Reply 2 on: Mar 15, 2019
Great answer, keep it coming :)

strudel15

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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