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The Table Gives Supply and Demand Data for a Certain

Question 135

Multiple Choice

The table gives supply and demand data for a certain elective surgical procedure. If suppliers provide the quantity of health care demanded and insurance pays two-thirds of the equilibrium price, the immediate price to the consumer and quantity of health care demanded would be A) $3,000 and 7,000. B) $4,000 and 10,000. C) $1,000 and 16,000. D) $2,000 and 11,000. The table gives supply and demand data for a certain elective surgical procedure. If suppliers provide the quantity of health care demanded and insurance pays two-thirds of the equilibrium price, the immediate price to the consumer and quantity of health care demanded would be


A) $3,000 and 7,000.
B) $4,000 and 10,000.
C) $1,000 and 16,000.
D) $2,000 and 11,000.

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