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Homework Assignment 3: Chapter 4 1. Page 123, number 1: For a specific consumer and for a specific illness, draw the demand curve for medical

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Homework Assignment 3: Chapter 4 1. Page 123, number 1: For a specific consumer and for a specific illness, draw the demand curve for medical care without insurance. Then carefully draw the demand curve for the same person and illness when the person has an insurance policy that pays for (1) for 50% of all medical costs and (2) for 100% of all medical costs. 2. Consider the following demand curves below. I want you to copy these two demand curve onto your own paper and then add the aggregate demand curve associated with these two individual demand curves. P DI Dz

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