Which of the Following Is a Provision of the Affordable

question 106

Multiple Choice

Which of the following is a provision of the Affordable Care Act?

• A) Requires firms with 30 or more employees to provide health care coverage
• B) Requires only employers to contribute and maintain a minimum essential coverage
• C) Extends dependent coverage up to age 26
• D) Eliminates coverage for preventive services

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Definitions:

Equilibrium Price

The price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, resulting in market balance.

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where market supply and demand balance.

Demand Curve

A chart that demonstrates how the demand for a product changes in response to its price during a particular period.

Supply

The overall quantity of a particular product or service accessible to buyers.