Use the Following to Answer Questions

question 108

Multiple Choice

Use the following to answer questions .
Exhibit: The Market for Health Care
-(Exhibit: The Market for Health Care) Based on the exhibit and assuming that there are no third-party payers, the:

• A) equilibrium price for health-care services is P₂.
• B) equilibrium quantity is Q₂.
• C) total amount spent on health-care services at the equilibrium price is OP₃BQ₂.
• D) equilibrium price for health-care services is P₁.

---

Definitions:

Amniotic Cavity

A fluid-filled sac that encloses and protects the developing fetus in the uterus.

Endoderm

The innermost layer of cells or tissue of an embryo in early development, which gives rise to the lining of the digestive and respiratory systems.

Epidermis

The outermost layer of skin that provides a waterproof barrier and creates our skin tone.

Mucosa

Mucous membrane consisting of epithelium and lamina propria. In the digestive tract, there is also a layer of smooth muscle.