A decrease in the availability of lower-cost drugs will tend to shift the ________ curve for medical services to the ________
A) supply; left B) demand; right C) demand; left D) supply; right
A
You might also like to view...
Explain how the currency drain ratio affects the size of the money multiplier. In your explanation, suppose that in one round of the money creation process a bank gains $1 million in new deposits and reserves
Further suppose that the desired reserve ratio is 10 percent and the currency drain ratio is 50 percent.
Which of the following is true of the life-expectancy rates observed across the world economies in 2007?
a. Life expectancy at birth averaged 72 years in sub-Saharan Africa. b. Life expectancy at birth averaged 80 years in high-income economies. c. Life expectancy at birth averaged 52 years in middle-income economies. d. Life expectancy at birth averaged 69 years in all low-income economies.
Suppose that both the supply of iPads and the demand for iPads decrease. One can predict that the:
A. equilibrium price and quantity will fall. B. equilibrium price will rise, but the change in equilibrium quantity is uncertain. C. equilibrium quantity will fall, but the change in equilibrium price is uncertain. D. equilibrium price and quantity will rise.
Economists are general supporters of farm price support programs as being economically efficiency enhancing.
Answer the following statement true (T) or false (F)