Which of the following can increase the price of medical care even if the demand for medical care remains constant?

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Which of the following can increase the price of medical care even if the demand for medical care remains constant?

Demand is _________________
Question 1 options:
a)
Not measurable
b)
Purely a function of supply
c)
The amount of a good or service that people want to buy at a certain price for a given period of time.
d)
Not a factor in economicsSave
Question 2 (5 points)Economics is the Study of __________
Question 2 options:
a)
Scarcity of resources or goods
b)
The interaction of people in social situations
c)
Biological systems in the environment
d)
Human behavior under stressful situationsSave
Question 3 (5 points)Microeconomics is the study of ______, whereas macroeconomics is the study of ________.
Question 3 options:
a)
The U.S. economy; the world economy
b)
Economics at the individual level, economics at a national level.
c)
Small markets; large markets
d)
Small business economics, large business economicsSave
Question 4 (5 points)An increase in consumer incomes will:
Question 4 options:
a)
Increase the demand for an inferior good
b)
Increase the supply of an inferior good
c)
Decrease the supply of a normal good
d)
Increase the demand for a normal goodSave
Question 5 (5 points)Which of the following can increase the price of medical care even if the demand for medical care remains constant?
Question 5 options:
a)
An increase in preferences for herbal medicines among people
b)
Increase the cost of medical care which shifts the supply curve.
c)
Availability of high end technology in modern medical services

 

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