Refer to Figure 7-4. If consumers paid the full price of medical ...

[yoooooman]

Refer to Figure 7-4. If consumers paid the full price of medical services, the equilibrium quantity would be
 
  A) 200. B) 500. C) 700. D) >700.

Question 2

When Airbnb customers in Malibu start paying hotel taxes, this will have the potential to ________ the equilibrium price in this market and, therefore, ________ efficiency.
 
  A) raise; increase B) raise; decrease C) lower; decrease D) lower; increase

[zenzy]

Answer to Question 1

B

Answer to Question 2

B