Use the following to answer question(s): Third-Party Payers

-(Exhibit: Third-Party Payers) Based on the exhibit, and assuming there are no third-party payers, the:
A) equilibrium price for physician office visits is $80.
B) equilibrium quantity is 3 million physician office visits per week.
C) total amount spent on physician office visits per week at the equilibrium price is $40 million.
D) equilibrium price for physician office visits is $40.

Question

Use the following to answer question(s): Third-Party Payers
 
-(Exhibit: Third-Party Payers) Based on the exhibit, and assuming there are no third-party payers, the:
A) equilibrium price for physician office visits is $80. 
B) equilibrium quantity is 3 million physician office visits per week. 
C) total amount spent on physician office visits per week at the equilibrium price is $40 million. 
D) equilibrium price for physician office visits is $40.

Quizplus · Accepted Answer

The Answer of Use the following to answer question(s): Third-Party Payers
 
-(Exhibit: Third-Party Payers) Based on the exhibit, and assuming there are no third-party payers, the:
A) equilibrium price for physician office visits is $80. 
B) equilibrium quantity is 3 million physician office visits per week. 
C) total amount spent on physician office visits per week at the equilibrium price is $40 million. 
D) equilibrium price for physician office visits is $40.

Use the Following to Answer Question(s): Third-Party Payers