Refer to the graph shown that depicts a third-party payer market for prescription drugs. What happens to expenditures by consumers in this market if a $2 co-pay is established compared to a free-market equilibrium?
A)Expenditures fall by $30
B)Expenditures rise by $90
C)Expenditures fall by $120
D)Expenditures remain at $150

Question

Refer to the graph shown that depicts a third-party payer market for prescription drugs. What happens to expenditures by consumers in this market if a $2 co-pay is established compared to a free-market equilibrium? 
A)Expenditures fall by $30 
B)Expenditures rise by $90 
C)Expenditures fall by $120 
D)Expenditures remain at $150

Quizplus · Accepted Answer

The Answer of Refer to the graph shown that depicts a third-party payer market for prescription drugs. What happens to expenditures by consumers in this market if a $2 co-pay is established compared to a free-market equilibrium? 
A)Expenditures fall by $30 
B)Expenditures rise by $90 
C)Expenditures fall by $120 
D)Expenditures remain at $150

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