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Question 108

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Use the following to answer questions .
Exhibit: The Market for Health Care Use the following to answer questions . Exhibit: The Market for Health Care -(Exhibit: The Market for Health Care) Based on the exhibit and assuming that there are no third-party payers, the: A) equilibrium price for health-care services is P<sub>2</sub>. B) equilibrium quantity is Q<sub>2</sub>. C) total amount spent on health-care services at the equilibrium price is OP<sub>3</sub>BQ<sub>2</sub>. D) equilibrium price for health-care services is P<sub>1</sub>.
-(Exhibit: The Market for Health Care) Based on the exhibit and assuming that there are no third-party payers, the:


A) equilibrium price for health-care services is P2.
B) equilibrium quantity is Q2.
C) total amount spent on health-care services at the equilibrium price is OP3BQ2.
D) equilibrium price for health-care services is P1.

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