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The Table Gives Supply and Demand Data for a Certain

Question 6

Multiple Choice

  The table gives supply and demand data for a certain elective surgical procedure. If suppliers provide the quantity of health care demanded and insurance pays one-half of the equilibrium price, the immediate price to the consumer and quantity of health care demanded would be A) $2,000 and 5,200. B) $2,000 and 4,000. C) $1,000 and 5,200. D) $1,000 and 1,000. The table gives supply and demand data for a certain elective surgical procedure. If suppliers provide the quantity of health care demanded and insurance pays one-half of the equilibrium price, the immediate price to the consumer and quantity of health care demanded would be


A) $2,000 and 5,200.
B) $2,000 and 4,000.
C) $1,000 and 5,200.
D) $1,000 and 1,000.

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