Price Demanded Quantity Quantity Supplied $0 2400 0 1 1200 300 23 600 600 0 900 4 0 1200 Сл 5 0 1500 6 0 1800 7 0 2100 Please refer to the table shown above that depicts a third-party payer market. What is the cost of this program to the third- party if a $1 co-pay is established? $3,600 $1,200 $4,800 $0
Price Demanded Quantity Quantity Supplied $0 2400 0 1 1200 300 23 600 600 0 900 4 0 1200 Сл 5 0 1500 6 0 1800 7 0 2100 Please refer to the table shown above that depicts a third-party payer market. What is the cost of this program to the third- party if a $1 co-pay is established? $3,600 $1,200 $4,800 $0
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Quantity
Price
Demanded
Quantity
Supplied
$0
2400
0
1
1200
300
23
600
600
0
900
456
0
1200
0
1500
0
1800
7
0
2100
Please refer to the table shown above that depicts a third-party
payer market. What is the cost of this program to the third-
party if a $1 co-pay is established?
$3,600
$1,200
$4,800
$0
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