Sia
Question
Microeconomics
Posted 8 months ago
A government is concerned about whether young children in a community are receiving enough healthcare.
Which of the following is the LEAST likely to increase the amount of healthcare that people provide their children?
Choose 1 answer:
(A) Lowering regulations on who can provide healthcare, such as allowing nurses to provide healthcare rather than just doctors
(B) reduce the distance traveled to get healthcare
(c) Provide coupons for free healthcare
(D) increase the price of healthcare
(E) subsidize healthcare
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Answer from Sia
Posted 8 months ago
Solution
a
Lowering regulations on who can provide healthcare: This would likely increase the amount of healthcare provided as it expands the pool of healthcare providers, making it easier for children to receive care
b
Reducing the distance traveled to get healthcare: This would likely increase the amount of healthcare provided as it reduces the time and cost associated with accessing healthcare services
c
Providing coupons for free healthcare: This would likely increase the amount of healthcare provided as it reduces the financial burden on families, making healthcare more accessible
d
Increasing the price of healthcare: This is the least likely to increase the amount of healthcare provided as higher prices generally reduce the quantity demanded, making it more difficult for families to afford healthcare for their children
e
Subsidizing healthcare: This would likely increase the amount of healthcare provided as it lowers the cost for families, making healthcare more affordable and accessible
Answer
(D) increase the price of healthcare
Key Concept
Law of Demand
Explanation
According to the law of demand, an increase in the price of a good or service typically leads to a decrease in the quantity demanded. Therefore, increasing the price of healthcare is the least likely to increase the amount of healthcare provided to young children.
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