DOLLARS PER VISIT 300 250 200 150 100 50 0 0 Market for Doctor Visits 125 Supply Demand 250 375 500 625 DOCTOR VISITS PER YEAR

Question

DOLLARS PER VISIT 300 250 200 150 100 50 0 0 Market for Doctor Visits 125 Supply Demand 250 375 500 625 DOCTOR VISITS PER YEAR 750 The equilibrium number of doctor visits in this economy is Graph input Doctor Visits per Year Patient Payment Dollars per visit Insurance Payment Dollars per visit 250 200 0 visits per year while the equilibrium price is Price Doctors Charge Dollars per visit per visit D 100 Now suppose everyone in this economy gets health insurance that pays 80 of the price received by doctors In this case there would be doctor visits demanded per year Hint Type each entry in the drop down menu into the white box and examine the result When you change the number of doctor visits in the white box the value in the insurance payment box changes to reflect the amount that would make up the

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