Solved

-Refer to the Above Figure Ps\mathrm { P } _ { \mathrm { s } }

Question 142

Multiple Choice

   -Refer to the above figure.Medicare subsidies have increased the price of medical services to  \mathrm { P } _ { \mathrm { s } }  .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  \mathrm { Q } _ { 0 }  to  \mathrm { Q } _ { \mathrm { d } }  as a result of the subsidy. B) The amount of medical services provided has increased from  \mathrm { Q } _ { 0 }  to  \mathrm { Q } _ { \mathrm { M } }  as a result of the subsidy. C) The amount of medical services provided has increased from  \mathrm { Q } _ { \mathrm { d } }  to  \mathrm { Q } _ { \mathrm { M } }  as a result of the subsidy. D) The amount of medical services provided has remained unchanged as a result of the subsidy.
-Refer to the above figure.Medicare subsidies have increased the price of medical services to Ps\mathrm { P } _ { \mathrm { s } } .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 Q0\mathrm { Q } _ { 0 } to
Qd\mathrm { Q } _ { \mathrm { d } } as a result of the subsidy.
B) The amount of medical services provided has increased from Q0\mathrm { Q } _ { 0 } to
QM\mathrm { Q } _ { \mathrm { M } } as a result of the subsidy.
C) The amount of medical services provided has increased from Qd\mathrm { Q } _ { \mathrm { d } } to
QM\mathrm { Q } _ { \mathrm { M } } as a result of the subsidy.
D) The amount of medical services provided has remained unchanged as a result of the subsidy.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions