Scenario 2.2: in 1992, the Occupational Safety and Health Authority Passed the Passed

question 20

Multiple Choice

Scenario 2.2:
In 1992, the Occupational Safety and Health Authority passed the Bloodborne Pathogens Standard (BBP) , which regulates dental office procedures. This regulation is designed to minimize the transmission of infectious disease from patient to dental worker. The effect of this regulation was both to increase the cost of providing dental care and to ease the fear of going to the dentist as the risk of contracting an infectious disease.
-Refer to Scenario 2.2. What is the effect of the BBP on the equilibrium price of dental care?

• A) It unambiguously increases.
• B) It unambiguously decreases.
• C) It increases only if supply shifts more than demand.
• D) It increases only if demand shifts more than supply.

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Definitions:

Standard Deviation

A measure of the amount of variation or dispersion of a set of values, indicating how much the values in a dataset deviate from the mean.

Weekly Income

The total amount of money earned or received by an individual or household in the span of one week.

Normal Model

A statistical model that assumes the dataset follows a normal distribution, often used in various statistical analyses.

Probability

Probability is a measure of the likelihood that a particular event will occur, expressed as a number between 0 and 1, where 0 indicates impossibility and 1 indicates certainty.