SophiaPretty

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About SophiaPretty

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Expertise:
Accounting,Algebra See all
Accounting,Algebra,Applied Sciences,Architecture and Design,Art & Design,Biology,Business & Finance,Calculus,Chemistry,Communications,Computer Science,Economics,Engineering,English,Environmental science,Essay writing Hide all
Teaching Since: Jul 2017
Last Sign in: 213 Weeks Ago, 4 Days Ago
Questions Answered: 15833
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  • MBA,PHD, Juris Doctor
    Strayer,Devery,Harvard University
    Mar-1995 - Mar-2002

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  • Manager Planning
    WalMart
    Mar-2001 - Feb-2009

Category > Business & Finance Posted 05 Sep 2017 My Price 6.00

As governor, you have decided that anyone

As governor, you have decided that anyone who works but earns less than $20,000 a year will have their health insurance premiums paid for by the government. How does this affect the equilibrium price and quantity of medical services?

 

a.

Equilibrium price has fallen and quantity has risen because demand decreased and supply has remained constant.

 

b.

They have risen because supply and demand have decreased.

 

c.

They have risen and demand has increased, but supply has remained constant.

 

d.

They have fallen because demand has decreased and supply has held constant.

 

e.

They are not affected.

Answers

SophiaPretty
(5)
Status NEW Posted 05 Sep 2017 06:09 AM My Price 6.00

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