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3. For each of the following events, determine whether the event cause An increase in demand (a rightward shift) A decrease in demand (a leftward

3. For each of the following events, determine whether the event cause

  • An increase in demand (a rightward shift)
  • A decrease in demand (a leftward shift)
  • A decrease in quantity demanded (a movement up along)
  • An increase in quantity demanded (a movement down along)?
  1. The government passes "Medicare for all" legislation which provide health care to everyone without co-pays, deductibles, or out-of-pocket spending.
  2. What is the effect of this event on consumer purchases of privatehealth insurance?
  3. What is the effect of this event on purchases of all other goods and services different
  4. from health insurance.

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