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The Table Shows the Hypothetical Demand and Supply Schedule for Health

Question 165

Multiple Choice

  The table shows the hypothetical demand and supply schedule for health care.Assume that health insurance pays two-thirds of the cost of health care.For the consumer, the price and quantity of health care consumed would then be A) $300 and 400 units. B) $300 and 600 units. C) $200 and 700 units. D) $200 and 300 units.
The table shows the hypothetical demand and supply schedule for health care.Assume that health insurance pays two-thirds of the cost of health care.For the consumer, the price and quantity of health care consumed would then be


A) $300 and 400 units.
B) $300 and 600 units.
C) $200 and 700 units.
D) $200 and 300 units.

Correct Answer:

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