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B lead to lower prices for medical services c not

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b.lead to lower prices for medical services.c.not affect the price of medical services.d.help the buyers of medical services more than the sellers of those services.ANS:APTS:1DIF:ModerateNAT:BUSPROG: AnalyticSTA:DISC: Supply and demandTOP:The Impact of a SubsidyKEY:Bloom's: Comprehension201.Subsidy programs that provide benefits to well organized interest groups willa.be unattractive to elected political officials.b.be highly attractive to elected political officials.c.be attractive to elected political officials only if the subsidies reduce the cost of supplyingthe good.d.be attractive to elected political officials only if the subsidies increase the efficiency ofresource use.ANS:BPTS:1DIF:ModerateNAT:BUSPROG: Analytic
STA:DISC: Supply and demandTOP:The Impact of a SubsidyKEY:Bloom's: ComprehensionFigure 4-1202.Figure 4-1 illustrates the market for compact discs. If the government imposes a price floor of $25 for compact discs,which of the following will be true?a.Consumers would wish to purchase 1,000 compact discs.b.Producers would wish to sell 5,000 compact discs.c.There would be a surplus of 4,000 compact discs.d.All of the above are true.ANS:DPTS:1DIF:ModerateNAT:BUSPROG: AnalyticSTA:DISC: Supply and demandTOP:The Economics of Price ControlsKEY:Bloom's: AnalysisMSC:Graphics QuestionsFigure 4-2203.Given the demand and supply conditions shown in Figure 4-2, if the government imposes a price ceiling ofa, indicatethe quantity consumers would like to buy and the amount producers would be willing to supply.a.Consumers would want to buyt; producers would be willing to sellr.
b.Consumers would want to buyr; producers would be willing to sellt.c.Consumers would want to buyt; producers would be willing to sells.d.Consumers would want to buys; producers would be willing to sells.ANS:APTS:1DIF:ModerateNAT:BUSPROG: AnalyticSTA:DISC: Supply and demandTOP:The Economics of Price ControlsKEY:Bloom's: AnalysisMSC:Graphics QuestionsFigure 4-3204.Figure 4-3 indicates the demand (D) and supply (S) for the rental housing market in a large city. If the governmentimposed a price ceiling ofa, which of the following would be true?a.The quantity of rental housing demanded would bet.b.The quantity of rental housing supplied would ber.c.There would be a shortage of rental housing.d.All of the above are true.ANS:DPTS:1DIF:ModerateNAT:BUSPROG: AnalyticSTA:DISC: Supply and demandTOP:The Economics of Price ControlsKEY:Bloom's: AnalysisMSC:Graphics QuestionsUse the figure below to answer the following question(s).Figure 4-4
205.Given the demand and supply conditions shown in Figure 4-4, if the government imposes a price ceiling ofa, whichof the following would be true?a.Consumers would want to buyrunits.b.Consumers would want to buysunits.

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