Refer to the Table Shown That Depicts a Third-Party Payer

question 56

Multiple Choice

Refer to the table shown that depicts a third-party payer market. What is the price the supplier will charge for the quantity consumers demand if a $1 co-pay is established? $$\begin{array} { | c | c | c | } \hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \\\hline \$ 0 & 1,200 & 0 \\\hline \$ 1 & 600 & 150 \\\hline \$ 2 & 300 & 300 \\\hline \$ 3 & 0 & 450 \\\hline \$ 4 & 0 & 600 \\\hline \$ 5 & 0 & 750 \\\hline \$ 6 & 0 & 900 \\\hline \$ 7 & 0 & 1,050 \\\hline\end{array}$$

• A) $1
• B) $2
• C) $4
• D) $7

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Definitions:

Output

The result produced by a computer program or process.

Do...While Loop

The do...while loop in programming executes a block of code once, and then repeats the execution as long as the specified condition evaluates to true.

Exit Condition

A condition or statement that determines when a loop or recursive function should stop executing to prevent infinite loops or recursion.

Entry Condition

A precondition or requirement that must be met before the execution of a certain block of code or function.