The Figure Below Shows the Demand (AD) and Supply (SS₁)

question 40

Multiple Choice

The figure below shows the demand (AD) and supply (SS₁) curves of medical care. Figure 18.4

-Refer to Figure 18.4.If the third-party system now induces those people to avail medical care who were earlier not willing to avail it,the demand curve AD would:

• A)shift inward.
• B)become perfectly elastic.
• C)become vertical.
• D)remain unchanged.
• E)shift outward.

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Definitions:

Financial Statement

A written report that quantitatively describes the financial health of a company, including balance sheets, income statements, and cash flow statements.

Reportable Segment

Part of a company that can be clearly distinguished operationally and financially from other parts of the company, requiring separate reporting under certain financial reporting frameworks.

Financial Report

A formal record containing financial information of an entity, including statements of financial position, performance, changes in equity, and cash flow, for a specific period.

All Other Segments

In financial reporting, this term refers to the aggregation of operating segments that are not individually reportable due to their size or significance.