Use the figure below to answer the following questions. 
Figure 1A.4.3
-In Figure 1A.4.3,x is
Definitions:
Quantity Demanded
The total amount of a good or service that consumers are willing and able to purchase at a given price level.
Insurance Exchanges
Marketplaces established to facilitate the purchase and sale of insurance plans, allowing consumers to compare and choose from various health insurance options.
Foster Competition
To encourage or promote a market environment where businesses compete freely with one another, aiming to improve efficiency and innovation.
Income Increase
A rise in the amount of earnings received over a given period of time, whether from wages, investments, or other sources.
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