Use the following to answer questions .
Exhibit: The Market for Health Care
-(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.
Correct Answer:
Verified
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