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In a Particular Insurance Market,there Is a Decrease in the Degree

question 114

Multiple Choice

In a particular insurance market,there is a decrease in the degree of risk aversion among suppliers.Holding everything else constant,the equilibrium premium will _____ and the equilibrium quantity of insurance will _____.


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Independent Variable

The variable in an experiment that is manipulated or changed by the researcher to study its effect on the dependent variable.

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