« previous next »

Author Question: Under comprehensive health insurance the level of output is determined where _____. a. supply ... (Read 95 times)

saliriagwu

  • Hero Member
  • *****
  • Posts: 537
on: Jul 1, 2018
Under comprehensive health insurance the level of output is determined where _____.
 
  a. supply equals demand
  b. demand equals zero
  c. supply is of unitary elasticity
   d. the insurer sets it

Question 2

Explain why the shape of the demand curve will determine how a shock to the market equilibrium affects price and quantity.
 
  What will be an ideal response?


ladyjames123

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 1, 2018
Answer to Question 1

b

Answer to Question 2

A flatter demand curve has a smaller slope in absolute value. That means that consumers are more sensitive to price changes. Therefore, a change in price will cause a large reaction in quantity demanded.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Sea Level during the Last Glaciation Sea Level during the Last Glaciation
Review of Health and Illness over the Adult Years Review of Health and Illness over the Adult Years
Sample of an insurance card. Sample of an insurance card.
The output on this alternator is printed on a label. The output on this alternator is printed on a label.
The level of emissions from transport in the United States is twice as high as the global average The level of emissions from transport in the United States is twice as high as the global average
Psychosocial health Psychosocial health
Video: Spermatogenesis Animation

For a complete list of videos, visit our video library