Ask Question
25 January, 22:19

As governor, Marcy has 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. Diminishing returnsb. Moral Hazardc. Market Failured. Adverse Selectione. Principle-agent problem

+4
Answers (1)
  1. 26 January, 00:43
    0
    They have risen.

    Explanation:

    Demand has increased, but supply has remained constant.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “As governor, Marcy has decided that anyone who works but earns less than $20,000 a year will have their health insurance premiums paid for ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers