The Table Below Displays Hypothetical Demand and Supply Schedules for the Market

question 109

Multiple Choice

The table below displays hypothetical demand and supply schedules for the market for overnight parcel deliveries in Canada. $$\begin{array}{l}\begin{array} { | l | l | l | l | l | l | } \hline & \begin{array} { l } \text { Quantity } \\\text { Demanded } \\\text { (millions) }\end{array} & && \begin{array} { l } \text { Quantity } \\\text { Supplied } \\\text { (millions) }\end{array} & \\\hline \text { Price (\$) } & \text { Year 1 } & \text { Year 2 } & & \text { Year 1 } & \text { Year 2 } \\\hline & & & & \\\hline 30 & 80 & 95 && 140 & 125 \\\hline 26 & 90 & 105 & &135 & 120 \\\hline 22 & 100 & 115 && 130 & 115 \\\hline 18 & 110 & 125 & &125 & 110 \\\hline 14 & 120 & 135 && 120 & 105 \\\hline 10 & 130 & 145 & &115 & 100 \\\hline\end{array}\\\text { TABLE 3- } 3\end{array}$$
-Refer to Table 3- 3. The equilibrium price and quantity for overnight parcel delivery in Year 2 is
And million parcels.

• A) $22; 115
• B) $14; 120
• C) $18; 125
• D) $18; 110
• E) $10; 100

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Definitions:

Deinstitutionalization

The process of moving individuals with mental health conditions out of large, state-run institutions into community-based treatment settings.

Outpatient Care

Medical treatment or services provided to patients who are not admitted to a hospital or clinic and do not require an overnight stay.

Private Practice

The practice of a health care provider or clinic operating independently, offering services to individuals on a fee-for-service basis.

Community Mental Health Centre

A facility that provides mental health services, including therapy and counseling, to people in a local area.