If the Government Implements a Price Ceiling on Insulin,this Will

question 43

Multiple Choice

If the government implements a price ceiling on insulin,this will

• A)increase the price consumers will pay for insulin.
• B)decrease the quantity of insulin the manufacturers will be willing to supply.
• C)have to be set above the market equilibrium price to be effective.
• D)encourage manufacturers to produce and sell more of insulin to increase their profits.

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Definitions:

Informatics

The science of processing data for storage and retrieval; in healthcare, it deals with the resources, devices, and methods required to optimize the acquisition, storage, retrieval, and use of information in health and biomedicine.

Computer Competency

The ability to effectively use computer systems, software, and the Internet for various tasks.

Retrieve Information

The process of finding and bringing back data or details from a storage location or database.

Confidentiality

The ethical and legal duty to protect personal or sensitive information from unauthorized disclosure or access.