The equilibrium number of doctor visits in this economy is375 visits per year, while the equilibrium price is$150 per visit. Now, suppose everyone in this economy gets health insurance that pays 80% of the price received by doctors. In this case, there would be doctor visits demanded per year. (Hint: Type each entry in the drop-down menu into the white box, and examine the result. When you change the number of doctor visits in the white box, the value in the insurance payment box changes to reflect the amount that would make up the difference between what patients are willing to pay and what doctors charge at a given quantity.

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With health insurance covering 80 of the cost the number of doctor visits demanded would increase He... View the full answer