What Would Happen in the Market for Knee Replacement Surgery

question 83

Multiple Choice

What would happen in the market for knee replacement surgery if insurance companies started to cover a smaller portion of the cost of the surgery?

• A)Demand will decrease,but this will not shift the supply curve.
• B)Supply will decrease,but this will not shift the demand curve.
• C)Demand and supply will both decrease.
• D)Demand will decrease and supply will increase.

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Definitions:

Epidermis

The outermost layer of skin, serving as a barrier against environmental damage and pathogens.

Sweat Gland

A gland that produces sweat, found in the skin of mammals, which helps in thermoregulation and excretion.

Sebaceous Gland

A small gland in the skin which secretes a lubricating oily matter (sebum) into the hair follicles to lubricate the skin and hair.

Stratum Basale

The deepest layer of the epidermis, responsible for generating new skin cells.