Asked by

jillian moskal
on Nov 26, 2024

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The availability of health insurance tends to

A) decrease the quantity of health care demanded and cause an underallocation of resources to the health care industry.
B) increase the quantity of health care demanded and cause an underallocation of resources to the health care industry.
C) increase the quantity of health care demanded and cause an overallocation of resources to the health care industry.
D) decrease the quantity of health care demanded and cause an overallocation of resources to the health care industry.

Health Insurance

A form of insurance that covers medical expenses that arise due to illness or injury, typically providing coverage for a variety of healthcare services.

Quantity

The amount or number of a material or immaterial good considered as a unit or an aggregate.

Health Care Demanded

The quantity of health care services that individuals are willing and able to purchase at a given price.

  • Acknowledge the hurdles and results of health insurance availability on the inclination towards health care and its financial implications.
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AC
Alexander CambronNov 27, 2024
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