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Use the Following to Answer Questions

Question 61

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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)  When the price of P<sub>2</sub> becomes available to the consumer because of insurance: A)  health-care costs are now OP<sub>3</sub>BQ<sub>2</sub>, of which OP<sub>3</sub>CQ<sub>2</sub> is paid by consumers and P<sub>2</sub>P<sub>3</sub>BQ<sub>2</sub> is paid by insurance. B)  health-care costs are now OP<sub>3</sub>BQ<sub>2</sub>, of which P<sub>2</sub>P<sub>3</sub>BQ<sub>2</sub> is paid by consumers and OP<sub>2</sub>CQ<sub>2</sub> is paid by insurance. C)  the new quantity of health care is Q<sub>2</sub>. D)  the new quantity of health care is Q<sub>1</sub>.
-(Exhibit: The Market for Health Care) When the price of P2 becomes available to the consumer because of insurance:


A) health-care costs are now OP3BQ2, of which OP3CQ2 is paid by consumers and P2P3BQ2 is paid by insurance.
B) health-care costs are now OP3BQ2, of which P2P3BQ2 is paid by consumers and OP2CQ2 is paid by insurance.
C) the new quantity of health care is Q2.
D) the new quantity of health care is Q1.

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