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Question
The above figure supports all of the following statements regarding health care EXCEPT
A) the demand for health care is insensitive to price changes; as the price goes up, so does the quantity demanded.
B) if all medical expenses were paid for by third parties, the quantity demanded would increase tremendously.
C) due to third party payments, patients demand a higher quantity of health care services per year.
D) the lower the deductible, the greater is the quantity demanded of health care services per year.
Answer
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