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A graph plots price versus quantity of health care. A rising line labeled S and a falling line labeled D are graphed.The horizontal axis is
A graph plots price versus quantity of health care. A rising line labeled S and a falling line labeled D are graphed.The horizontal axis is labeled quantity of health care. It ranges from to in increments of The vertical axis is labeled price. It ranges from to dollars in increments of A rising line labeled S begins at the bottom left, passes through f e d a and ends at the topright. A falling line labeled D begins at dollars passes through g e c b and ends at the bottom right.
Refer to the graph of a hypothetical market for health care. The efficiency loss caused by the provision of health insurance covering fourfifths of the cost is
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