What would likely be the impact on health. care costs if a government implements price controls on pharmaceuticals? A. Health care costs would increase due to higher administrative overhead. B. Health care costs would decrease as drug prices are directly reduced. C. Health care costs would remain unchanged, as other expenses would rise to offset drug cost savings. D. Health care costs would initially decrease but eventually lead to shortages and higher costs in the long term.

What would likely be the impact on health. care costs if a government implements price controls on pharmaceuticals? A. Health care costs would increase due to higher administrative overhead. B. Health care costs would decrease as drug prices are directly reduced. C. Health care costs would remain unchanged, as other expenses would rise to offset drug cost savings. D. Health care costs would initially decrease but eventually lead to shortages and higher costs in the long term.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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