The Table Shows the Hypothetical Demand and Supply Schedule for Health

question 251

Multiple Choice

The table shows the hypothetical demand and supply schedule for health care. If private insurance covers 50 percent of the equilibrium price, how much will the insured pay and what will be their quantity of health care demanded?

• A)$400 and 500 units.
• B)$400 and 400 units.
• C)$500 and 400 units.
• D)$200 and 700 units.

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Definitions:

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