Janets demand for chiropractor visits is P 605Q where P is the price per visit and Q is the number of visits If the market price per visit in her area is $20, how many visits will she use if she pays outofpocket Now assume her employer provides her with health insurance Her plan is such that she would need to cover 50 of the cost of chiropractor visits, while the insurance covers the remaining 50 (its a 50 coinsurance scheme) Will she change the number of chiropractor visits at the same market price ($20) How many visits will she consume now

Answer rating: 100% (QA)

At the market price per visit 20 Number of Visit is computed as 20 60 5Q 5Q 60... View the full answer