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a.What are some ways the federal government could try to mitigate the increasing costs to the Canadian health system? b.Suppose the quantity demanded of visits
a.What are some ways the federal government could try to mitigate the increasing costs to the Canadian health system?
b.Suppose the quantity demanded of visits to a doctor per year is given by the equationX= 12 0.05P, whereXis the number of visits, andPis the price the patient pays for a visit.
i.How many visits would the patient make if he or she had to pay the full price of a visit ($100)?
ii. How many visits would the patient make if medical services were free?
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