The Table Gives Supply and Demand Data for a Certain

question 78

Multiple Choice

The table gives supply and demand data for a certain elective surgical procedure. If suppliers provide the quantity of health care demanded and insurance pays one-third of the remaining equilibrium price after a $1,000 deductible is satisfied, the quantity of health care demanded will be

• A)10,000.
• B)16,000.
• C)13,000.
• D)20,000.

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Definitions:

Warranty Repairs

Services offered to fix or replace defective products within a specified period, as guaranteed by the warranty terms.

Contingency Loss

A potential financial loss that may occur in the future due to uncertain events or conditions.

Debt Principal

Debt Principal is the original amount of money borrowed in a loan, excluding any interest or fees.