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a) Following a supply increase, the market price is expected to decrease as a result of a ________ at the former equilibrium price. This fall
a) Following a supply increase, the market price is expected to decrease as a result of a ________ at the former equilibrium price. This fall in price is expected to increase ________________ and decrease _________ along the new supply curve. b) In the event of an increase in subsidies to purchase health insurance and a decrease in the liability of insurers, the market demand will increase due to an increase in (MWP) ________________ by potential buyers of insurance and a decrease in (MWA) ________________ by potential suppliers of insurance. The impact of such policies will have the greatest effect on the number of those covered by insurance when demand and supply are highly ____________________
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