Quantity SuppliedPriceQuantity Demanded12,000$5,0002,00010,0004,0004,0007,0003,0007,0004,0002,00011,0001,0001,00016,000 The table gives supply and

/in /by

Quantity SuppliedPriceQuantity Demanded12,000$5,0002,00010,0004,0004,0007,0003,0007,0004,0002,00011,0001,0001,00016,000

The table gives supply and demand data for a certain elective surgical procedure. Without health insurance, the equilibrium price and quantity would be

Multiple Choice

  • $4,000 and 4,000.
  • $2,000 and 11,000.
  • $5,000 and 2,000.
  • $3,000 and 7,000.

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