1.11 Suppose, in Exercise 9, that the coinsurance rate was raised to 50%. a Calculate the new...

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1.11 Suppose, in Exercise 9, that the coinsurance rate was raised to 50%.

a Calculate the new equilibrium price and quantity. (Hint: How does the demand curve shift?)

b Calculate the deadweight loss due to this insurance.

c How does your answer compare to the deadweight loss in Exercise 9?

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The Economics Of Health And Health Care

ISBN: 9781032309866

1st Edition

Authors: Sherman Folland; Allen C. Goodman; Miron Stano; Shooshan Danagoulian

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Question Posted: Nov 14, 2024 03:00 AM

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1.11 Suppose, in Exercise 9, that the coinsurance rate was raised to 50%. a Calculate the new...

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The Economics Of Health And Health Care

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