Suppose the Equilibrium Price of a Physical Examination ("Physical")by a Doctor

question 59

Multiple Choice

Suppose the equilibrium price of a physical examination ("physical") by a doctor is $200,and the government imposes a price ceiling of $150 per physical.As a result of the price ceiling,

• A)the quantity of physicals demanded increases.
• B)there is shortage of physicals.
• C)the quantity of physicals supplied decreases.
• D)All of the above are correct.

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Definitions:

Hypothalamic-Pituitary-Adrenal Axis

A complex set of direct influences and feedback interactions among the hypothalamus, pituitary gland, and adrenal glands regulating stress response, digestion, immune system, mood, and energy usage.

Health Anxiety

A condition characterized by excessive worry about having a serious illness, despite medical reassurance.

Dysfunctional Beliefs

Negative, often unrealistic thoughts that may contribute to and exacerbate emotional disorders and distress.

Interpretive Biases

Cognitive biases that affect the way individuals perceive and interpret information, events, or the behavior of others.