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Author Question: The Affordable Care Act is intended to reduce the price of health care. A decrease in the price of ... (Read 70 times)

c0205847

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on: Jul 1, 2018
The Affordable Care Act is intended to reduce the price of health care. A decrease in the price of health care may
 
  A) increase the number of doctors office visits if office visits are considered an inferior good and the substitution effect dominates the income effect.
  B) decrease the number of doctors office visits if office visits are considered an inferior good and the substitution effect dominates the income effect.
  C) increase the number of doctors office visits if office visits are a normal good.
  D) Both A and C.

Question 2

For an inferior good, if the income effect more than offsets the substitution effect, we call that good
 
  A) a Giffen good.
  B) a normal good.
  C) an inferior good.
  D) a neutral good.
Microeconomics ¦ Perloff ¦ 8th Edition
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manuelcastillo

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Reply #1 on: Jul 1, 2018
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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c0205847

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Reply #2 on: Jul 1, 2018
Thank you


manuelcastillo

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Reply #3 on: Jul 1, 2018
No problemo


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