Refer to Figure 7-5. If consumers paid the full price of medical ...

[plus1]

Refer to Figure 7-5. If consumers paid the full price of medical services, the equilibrium quantity would be
 
  A) 400. B) 800. C) 1,200. D) > 1,200.

Question 2

A tariff is
 
  A) a subsidy granted to importers of a vital input.
  B) a tax imposed by a government on goods imported into a country.
  C) a limit placed on the quantity of goods that can be imported into a country.
  D) a health and safety restriction imposed on an imported product.

[dpost18]

Answer to Question 1

B

Answer to Question 2

B

[plus1]

TYSM

[tkempin]

Excellent