What Will Happen to the Equilibrium Price and Quantity of Traditional

question 111

Multiple Choice

What will happen to the equilibrium price and quantity of traditional camera film if traditional cameras become more expensive,digital cameras become cheaper,the cost of the resources needed to manufacture traditional film falls,and more firms decide to manufacture traditional film?

• A)Price will fall,and the effect on quantity is ambiguous.
• B)Price will rise,and the effect on quantity is ambiguous.
• C)Quantity will fall,and the effect on price is ambiguous.
• D)Quantity will rise,and the effect on price is ambiguous.

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Definitions:

CMS-1500 Form

A standardized form used by healthcare providers to submit insurance claims for services provided to patients.

Secondary Billing

The practice of billing a second time or billing a secondary payer after the primary insurer has provided its payment.

Real-Time Adjudication

The immediate processing and payment determination of healthcare claims during the point-of-service.

Electronic Eligibility

The use of digital systems to verify a person's eligibility for certain benefits or services, such as healthcare coverage.