Market B: Demand for medical care is expressed as =500-0.5*, with C being the coinsurance rate. Supply of medical care is express as =200+2

• (1) Draw the demand curve and supply curve without health insurance.
• (2) In the same graph, draw the demand curve and supply curve with coinsurance rate being 20%.
• (3) What are market equilibrium price and quantity without health insurance?
• (4) What are market equilibrium price and quantity with coinsurance rate being 20%?
• (5) What is deadweight loss with coinsurance rate being 20%?

(5pts) What can be one reason that makes your answers to Market A and Market B different?

please draw on paper