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Refer to the Demand and Supply Diagram, Which Relates to the Health

Question 124

Multiple Choice

  Refer to the demand and supply diagram, which relates to the health care market. If suppliers provide whatever quantity of health care is demanded, health care insurance causes A) resources to be underallocated to the health care industry. B) resources to be overallocated to the health care industry. C) health care to be underconsumed. D) the price of health care to the insured to be higher than the market price. Refer to the demand and supply diagram, which relates to the health care market. If suppliers provide whatever quantity of health care is demanded, health care insurance causes


A) resources to be underallocated to the health care industry.
B) resources to be overallocated to the health care industry.
C) health care to be underconsumed.
D) the price of health care to the insured to be higher than the market price.

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