Question
When the patient lacks information, the physician demand curve _____. a. becomes unitary elastic b. becomes less elastic c. becomes perfectly elastic d. becomes more
When the patient lacks information, the physician demand curve _____.
| a. | becomes unitary elastic | |
| b. | becomes less elastic | |
| c. | becomes perfectly elastic | |
| d. | becomes more elastic |
Hospitals compete mainly in a _________ market.
| a. | Price market | |
| b. | Product market | |
| c. | Geographic market | |
| d. | Quality market |
The cost of a national health insurance program would be____ and the availability of services _______ when supply is more ________.
| a. | Greater; diminished; elastic | |
| b. | Greater; diminished; inelastic | |
| c. | Less; diminished; inelastic | |
| d. | Less; enhanced; inelastic |
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Modern Principles of Economics
Authors: Tyler Cowen, Alex Tabarrok
3rd edition
1429278390, 978-1429278416, 1429278412, 978-1429278393
