In Markets with Third-Party Payers

question 98

Multiple Choice

In markets with third-party payers,

• A) prices consumers pay directly for the goods and services they consume decrease.
• B) prices suppliers receive for the goods and services they provide increase .
• C) total spending increases.
• D) All of the above.

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Definitions:

Carbons

The chemical element with atomic number 6, fundamental to life, and the basis of organic chemistry.

Micelle

An aggregate of surfactant molecules dispersed in a liquid colloid, forming a molecular assembly that can solubilize hydrophobic molecules in its hydrophobic core.

Hydrophobic

Characteristic of molecules or substances that do not readily mix with water.

Hydrophilic

Describes molecules or substances that are attracted to water and dissolve well in it.