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In the Graph Above, the Market for Physician Office Visits

Question 20

Multiple Choice
In the graph above, the market for physician office visits is initially in equilibrium at point A. There is a dramatic increase in the number of physicians, which leads to

In the graph above, the market for physician office visits is initially in equilibrium at point A. There is a dramatic increase in the number of physicians, which leads to A) An increase in price and an increase in demand B) An increase in price and an increase in the quantity demanded C) A decrease in price and an increase in demand D) A decrease in price and an increase in the quantity demanded.
In the graph above, the market for physician office visits is initially in equilibrium at point A. There is a dramatic increase in the number of physicians, which leads to


A) An increase in price and an increase in demand
B) An increase in price and an increase in the quantity demanded
C) A decrease in price and an increase in demand
D) A decrease in price and an increase in the quantity demanded.

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