After years of paying all healthcare expenses for employees,a city's largest employer has decided not to offer healthcare coverage anymore.The equilibrium price and quantity for medical services in the city would
A) not be affected.
B) rise because supply and demand would decrease.
C) fall because demand would decrease and supply would remain constant.
D) rise as demand would increase,but supply would remain constant.
E) rise because demand would decrease and supply would remain constant.
Correct Answer:
Verified
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