Multiple Choice
What would happen in the market for knee replacement surgery if insurance companies started to cover a smaller portion of the cost of the surgery,and fewer doctors decide to enter the field of joint replacement surgery?
A) Demand will decrease,but this will not shift the supply curve.
B) Supply will decrease,but this will not shift the demand curve.
C) Demand and supply will both decrease.
D) Demand will decrease and supply will increase.
Correct Answer:
Verified
Correct Answer:
Verified
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