An increase in insurance coverage would result in higher sales and higher prices

Question

An increase in insurance coverage would result in higher sales and higher prices. True or False.

A subsidy for insurance coverage provided by an employer will

have no effect on equilibrium price and quantity for those who get the subsidy.

increase equilibrium price and quantity for those who do not get the subsidy.

drive up prices for consumers who are not eligible for the subsidy.

none of the above.

have no effect on equilibrium price and quantity for those who get the subsidy.

increase equilibrium price and quantity for those who do not get the subsidy.

drive up prices for consumers who are not eligible for the subsidy.

none of the above.

Explanation / Answer

Q1
False
Q2
None of the above

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