The Table Shows the Hypothetical Demand and Supply Schedule for Health

question 196

Multiple Choice

The table shows the hypothetical demand and supply schedule for health care. If there was no health insurance, the equilibrium price and quantity of health care would be

• A)$600 and 300 units.
• B)$400 and 400 units.
• C)$500 and 400 units.
• D)$400 and 500 units.

---

Definitions:

Incidence Rate

A measure used in epidemiology to assess the frequency of new cases of a disease or condition within a specified population over a certain period of time.

Full-time Employees

Workers who are employed for the standard working hours of an organization, typically benefiting from full employment rights, including salary, benefits, and employment security.

Accident Rate

A measurement of the number of accidents occurring in a particular environment or organization over a specific period, often used to gauge safety.

Safety Rate

A measure used to evaluate the frequency of accidents, injuries, or fatalities in a workplace or during a specific activity.