Use the Following to Answer Questions

question 23

Multiple Choice

Use the following to answer questions .
Exhibit: The Market for Health Care
-(Exhibit: The Market for Health Care) At price P₃ the total cost of health-care services compared to price P₁ has increased from:

• A) OP₃BQ₂ to OP₁AQ₂.
• B) OP₁AQ₁ to OP₃BQ₂.
• C) OP₃BQ₂ to OP₁AQ₁, and consumers pay OP₁AQ1₂.
• D) OP₁AQ₁ to OP₃BQ₂, and insurance pays OP₂CQ₂.

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Definitions:

Gear Teeth

The protruding elements found on the circumference of a gear wheel, which interlock with those of another gear to transmit torque and motion.

Circular Thickness

The measurement of the thickness of a circular object or element, typically observed in cross-section.

Diametral Pitch

A value describing the ratio of the number of teeth of a gear to the diameter of the pitch circle, used in the design and specification of gears.

Circumference

The perimeter or boundary line of a circle, often measured to understand the size or to describe the distance around it.