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question 23

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Use the following to answer questions .
Exhibit: The Market for Health Care Use the following to answer questions . Exhibit: The Market for Health Care   -(Exhibit: The Market for Health Care)  At price P<sub>3</sub> the total cost of health-care services compared to price P<sub>1</sub> has increased from: A)  OP<sub>3</sub>BQ<sub>2</sub> to OP<sub>1</sub>AQ<sub>2</sub>. B)  OP<sub>1</sub>AQ<sub>1</sub> to OP<sub>3</sub>BQ<sub>2</sub>. C)  OP<sub>3</sub>BQ<sub>2</sub> to OP<sub>1</sub>AQ<sub>1</sub>, and consumers pay OP<sub>1</sub>AQ1<sub>2</sub>. D)  OP<sub>1</sub>AQ<sub>1</sub> to OP<sub>3</sub>BQ<sub>2</sub>, and insurance pays OP<sub>2</sub>CQ<sub>2</sub>.
-(Exhibit: The Market for Health Care) At price P3 the total cost of health-care services compared to price P1 has increased from:


Definitions:

Yards

A unit of measurement equal to 3 feet or 0.9144 meters, used primarily in the United States, the United Kingdom, and Canada for measuring distances.

Centimeters

A measurement in the metric system that corresponds to one hundredth of a meter in length.

Yards

A unit of length in the Imperial and US customary systems, equal to 3 feet or 0.9144 meters.

Meters

The base unit of length in the International System of Units (SI), equivalent to 100 centimeters.

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