Use the Following to Answer Question(s): Third-Party Payers

question 108

Multiple Choice

Use the following to answer question(s) : Third-Party Payers

-(Exhibit: Third-Party Payers) Based on the exhibit, and assuming there are no third-party payers, the:

• A) equilibrium price for physician office visits is $80.
• B) equilibrium quantity is 3 million physician office visits per week.
• C) total amount spent on physician office visits per week at the equilibrium price is $40 million.
• D) equilibrium price for physician office visits is $40.

---

Definitions:

Population Dynamics

The study of how and why the number of individuals in a population changes over time and space.

Industrialization

The process of transforming economies from primarily agricultural to one based on the manufacturing of goods, involving technological innovation and the development of large-scale industrial production.

Human Ecology

A multidisciplinary field that studies the relationship between humans and their natural, social, and built environments.

Growth of Cities

The increase in size and population of urban areas, often due to migration from rural areas and the expansion of economic opportunities.