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Use the Following to Answer Questions

Question 73

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Use the following to answer questions .
Exhibit: The Market for Health Care Use the following to answer questions . Exhibit: The Market for Health Care -(Exhibit: The Market for Health Care) Suppose insurance lowers the price consumers pay to P<sub>2</sub>. Compared to the situation without insurance, this would: A) reduce the equilibrium price to P<sub>2</sub>. B) reduce the quantity demanded to Q<sub>1</sub>. C) increase the quantity demanded to Q<sub>2</sub>. D) have no effect on quantity demanded.
-(Exhibit: The Market for Health Care) Suppose insurance lowers the price consumers pay to P2. Compared to the situation without insurance, this would:


A) reduce the equilibrium price to P2.
B) reduce the quantity demanded to Q1.
C) increase the quantity demanded to Q2.
D) have no effect on quantity demanded.

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