A. True/False Explain. Indicate whether each of the following statements is true

Question

A. True/False Explain. Indicate whether each of the following statements is true or false and then explain why you think this. Include in your explanation any pertinent institutional details and economic reasoning (including appropriate graphs and equations). Please provide concise, clear answers with minimal irrelevant detail. Explanation is required.

3. An empirical observation that led to the development of the supplier-induced demand hypothesis is that when the supply of physicians in a market increases, the price also increases, which defies the basic rules of supply of demand.

4. Proposed policies to change the definition of full-time employment in the Affordable Care Act to 40 hours a week would cause more people to gain employer-provided insurance under the ACA compared to the current law.

Explanation / Answer

3) True

Physicians is the one who guidess the patients towards the best available treatment. So as the number of physicians increase the quality of treatment also increases as physcian improves the level of first level diagnostic. Today most of the treatment is covered under insurance so people do not feel upfront raise in prices but later this increase in price is felt through premium and taxes.

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