Which of the Following Would Lead to an Increase in the Supply

question 6

Multiple Choice

Which of the following would lead to an increase in the supply of health care?

• A) An increase in the number of people insured.
• B) Increased tax subsidies for health care.
• C) An increase in the productivity of doctors.
• D) All of the above would increase the supply of health care.

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Definitions:

Perfect Substitutes

Goods or services that can be used in exactly the same way and are interchangeable by consumers.

Coupons

Vouchers or codes offering a discount on the purchase price of goods or services.

Utility Function

A mathematical representation of how a set of choices maps to utility levels, indicating preferences over different bundles of goods or outcomes.

Grapefruits

A large, round citrus fruit with a sour to semi-sweet flavor, commonly known for its beneficial nutrients and use in diets.