Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings (tests). Suppose that the co-payment is $5 per screening. What happens to total expenditures in the...

Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings<br>(tests). Suppose that the co-payment is $5 per screening. What happens to total expenditures in the<br>diabetes screening market if a $5 co-pay is established compared to a market where there is no<br>third-party?<br>$20<br>Supply<br>$15<br>$10<br>Demand<br>25<br>50<br>75<br>100<br>Quantity<br>Price<br>%24<br>

Extracted text: Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings (tests). Suppose that the co-payment is $5 per screening. What happens to total expenditures in the diabetes screening market if a $5 co-pay is established compared to a market where there is no third-party? $20 Supply $15 $10 Demand 25 50 75 100 Quantity Price %24
Expenditures increase by $625<br>Expenditures decline by $500<br>Expenditures fall to $375<br>Expenditures increase by $1,125.<br>

Expenditures increase by $625<br>Expenditures decline by $500<br>Expenditures fall to $375<br>Expenditures increase by $1,125.<br>

Extracted text: Expenditures increase by $625 Expenditures decline by $500 Expenditures fall to $375 Expenditures increase by $1,125.

Jun 09, 2022

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Refer to the graph shown below, which illustrates a third-party payer market for diabetes screenings (tests). Suppose that the co-payment is $5 per screening. What happens to total expenditures in the...

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