Multiple Choice
-Refer to the above figure. Medicare subsidies have increased the price of medical services to 
. Which of the following statements is true about the effect the Medicare subsidy has had on the consumption of medical services?
A) The amount of medical services provided has decreased from 
to 
as a result of the subsidy.
B) The amount of medical services provided has increased from 
to 
as a result of the subsidy.
C) The amount of medical services provided has increased from 
to 
as a result of the subsidy.
D) The amount of medical services provided has remained unchanged as a result of the subsidy.
Correct Answer:
Verified
Correct Answer:
Verified
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