Author Question: Refer to Figure 7-5. If consumers paid the full price of medical services, the equilibrium quantity ... (Read 124 times)

plus1 · **on:** Jun 29, 2018

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.