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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)?
- The government passes "Medicare for all" legislation which provide health care to everyone without co-pays, deductibles, or out-of-pocket spending.
- What is the effect of this event on consumer purchases of privatehealth insurance?
- What is the effect of this event on purchases of all other goods and services different
- from health insurance.
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