Business, 16.10.2020 14:01 anonymous176

The government is considering imposing a price floor of $40 in two different health care markets. Assume advocacy groups base their decision-making on the changes in the surplus that affects their side of the market. For instance, as consumer surplus decreases, consumer groups pay lobbyists more to fight the price regulation. As consumer surplus increases, consumer groups pay lobbyists more to support the price regulation. (Producer groups would behave in a similar manner, but would focus on producer surplus.) Which of the following statements is NOT true? a. Consumer advocacy groups would pay lobbyists more in Market B than Market A to fight the price floor.
b. Producer advocacy groups in Market A would pay lobbyists to support the price floor. Producer advocacy groups in Market B would pay lobbyists to fight the price floor.
c. (Ignoring consumer and producer surplus) The number Of equilibrium procedures performed in Market A is affected less than the equilibrium number of procedures in Market B.
d. Consumer surplus would decrease in Market A and Market B after the imposition Of the price floor.

Answers: 2

Show answers

Another question on Business

Business, 21.06.2019 18:20

Saeed needs money to purchase tools, basic office supplies, parts to refurbish equipment, accounting software, and legal fees. believing saeed's business will be a success, an investor invests $5,000 to saeed open his business. in return, saeed agrees to repay the investor the $5,000 plus 17 percent of the profits of the business. calculate the return on investment for the investor if saeed's business makes $7,000 in profit as a total return of the business in its first year.

Answers: 1

Answer

Business, 21.06.2019 23:30

You are frustrated to find that the only way to contact the customer service department is to make a phone call. the number listed would result in long distance charges to your phone bill. which issue should be addressed by the company to keep its crm in line with your expectations?

Answers: 2

Answer

Business, 22.06.2019 09:50

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

Answers: 3

Answer

Business, 22.06.2019 10:30

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?

Answers: 3

Answer

You know the right answer?

The government is considering imposing a price floor of $40 in two different health care markets. As...

Questions