As Governor,Marcy Has Decided That Anyone Who Works but Earns

question 5

Multiple Choice

As governor,Marcy has decided that anyone who works but earns less than $20,000 a year will have their health insurance premiums paid for by the government.How does this affect the equilibrium price and quantity of medical services?

• A) They are not affected.
• B) They have risen because demand has increased,but supply has remained constant.
• C) They have risen because supply and demand have decreased.
• D) They have fallen because demand has decreased and supply has remained constant.
• E) Equilibrium price has fallen and quantity has risen because demand decreased and supply has remained constant.

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