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1. Mateo's demand for dental cleanings can be represented by the following equation: QD= a. b. 10 0.04P. (15 points total; 3 points each) If
1. Mateo's demand for dental cleanings can be represented by the following equation: QD= a. b. 10 0.04P. (15 points total; 3 points each) If dental cleanings cost $200 and Mateo has no dental insurance, how many dental cleanings would Mateo demand? If dental cleanings cost $100 and Mateo has no dental insurance, how many dental cleanings would Mateo demand? What is Mateo's arc elasticity of demand with respect to the price of dental cleanings when dental cleanings decrease from $200 to $100? If dental cleanings cost $200 and Mateo has a coinsurance rate of 25%, how many dental cleanings would Mateo demand? How much does Mateo's dental insurer pay to dentists on Mateo's behalf if dental cleanings cost $200 and Mateo has a coinsurance rate of 25%
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