Chemistry, 22.08.2019 18:10, Serenitybella

Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which there is no health insurance. to encourage more people to get a check-up, the local government mandates that the price of a check-up cannot be more than $40.a. is this a price floor or a price ceiling? b. draw a graph to illustrate the implementation of the policy. c. what happens to the number of check-ups in the market? show on your graph. d. what happens to consumer surplus in the market? what happens to producer surplus? show on your graph.

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Suppose that the market equilibrium price for a basic medical check-up is $50, in a market in which...