The figure given below represents demand for and supply of hospital beds in Anytown, U.S.A. , as shown by curves D and S1 in the following figure.If the hospital receives permission to expand, its new supply curve will be S2.Price level P1 is the fixed prospective payment reimbursement rate paid by Medicare to the hospital, regardless of actual cost. Figure 32.3 
According to Figure 32.3, the surplus of beds caused by the fixed reimbursement rate, after the expansion of the hospital is the difference between _____ and _____.
Definitions:
Observes
To notice or perceive something and register it as being significant, typically by paying close attention or by scrutinizing.
Median
A measure of central tendency which represents the value separating the higher half from the lower half of a data sample, population, or probability distribution.
Case Study
An in-depth examination of a single subject or incident to explore causation to find underlying principles.
Descriptive Study
A research method focused on describing characteristics of a population or phenomenon being studied.
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