Refer to the table shown that depicts a third-party payer market. What is the cost of this program to the third-party if a $2 co-pay is established? $$\begin{array} { | c | c | c | }
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 0 & 1,200 & 0 \
\hline \$ 1 & 600 & 150 \
\hline \$ 2 & 300 & 300 \
\hline \$ 3 & 0 & 450 \
\hline \$ 4 & 0 & 600 \
\hline \$ 5 & 0 & 750 \
\hline \$ 6 & 0 & 900 \
\hline \$ 7 & 0 & 1,050 \
\hline
\end{array}$$
A) $0
B) $150
C) $600
D) $1,200

Question

Refer to the table shown that depicts a third-party payer market. What is the cost of this program to the third-party if a $2 co-pay is established? $$\begin{array} { | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 0 & 1,200 & 0 \
\hline \$ 1 & 600 & 150 \
\hline \$ 2 & 300 & 300 \
\hline \$ 3 & 0 & 450 \
\hline \$ 4 & 0 & 600 \
\hline \$ 5 & 0 & 750 \
\hline \$ 6 & 0 & 900 \
\hline \$ 7 & 0 & 1,050 \
\hline
\end{array}$$
A) $0
B) $150
C) $600
D) $1,200

Quizplus · Accepted Answer

The Answer of Refer to the table shown that depicts a third-party payer market. What is the cost of this program to the third-party if a $2 co-pay is established? $$\begin{array} { | c | c | c | } 
\hline \text { Price } & \text { Quantity Demanded } & \text { Quantity Supplied } \
\hline \$ 0 & 1,200 & 0 \
\hline \$ 1 & 600 & 150 \
\hline \$ 2 & 300 & 300 \
\hline \$ 3 & 0 & 450 \
\hline \$ 4 & 0 & 600 \
\hline \$ 5 & 0 & 750 \
\hline \$ 6 & 0 & 900 \
\hline \$ 7 & 0 & 1,050 \
\hline
\end{array}$$
A) $0
B) $150
C) $600
D) $1,200

Refer to the Table Shown That Depicts a Third-Party Payer