Which of the Following Can Increase the Price of Medical

question 59

Multiple Choice

Which of the following can increase the price of medical care even if the demand for medical care remains constant?

• A)Decrease in the cost of medical care
• B)Availability of high end technology in modern medical care
• C)Increase in the cost of medical care
• D)General improvement in the standard of living
• E)An increase in preference for herbal medicines among people

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Definitions:

Security Interest

A security interest is a legal right granted by a borrower to a creditor over the borrower's property or assets as a security for a loan, ensuring repayment of the debt.

Present Rights

Rights that an individual or entity currently holds and can exercise immediately, as opposed to future rights.

Depreciation

The process by which a fixed asset's value decreases over time due to use, wear and tear, or obsolescence.

Defaulted

refers to the failure to meet the legal obligations of a loan, such as not making the agreed-upon payments.