What Would Happen in the Market for Knee Replacement Surgery

question 76

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,and fewer doctors decide to enter the field of joint replacement 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:

Truck Class

A categorization system used to classify trucks based on their maximum load capacity and gross vehicle weight rating (GVWR).

Air Brake Systems

A type of braking system used primarily in large, heavy vehicles, which uses compressed air to operate the brake mechanism.

ASE Certification

The certification body for automotive professionals across the United States. Certification tests are conducted online and in test centers.

Air Brake Systems

Pneumatic brake systems used primarily in heavy vehicles, utilizing compressed air to create the friction needed for stopping.