The following diagram shows the demand curve for medical benefits. A $1 payment for services would reduce consumer surplus, yet would still leave beneficiaries with a substantial consumer surplus.

Figure 6.9

Question

The following diagram shows the demand curve for medical benefits. A $1 payment for services would reduce consumer surplus, yet would still leave beneficiaries with a substantial consumer surplus.
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Figure 6.9

Quizplus · Accepted Answer

The diagram shows that even if a $1 payment for services reduces consumer surplus, beneficiaries would still have a substantial consumer surplus.

The Following Diagram Shows the Demand Curve for Medical Benefits