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OlgaM077 [116]
2 years ago
12

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical servic

es is:_______
Business
1 answer:
asambeis [7]2 years ago
3 0

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:(D.) Inverse

What are free market conditions?

The relationship between  quantity demanded and price normally, where the market forces are left to determine the happenings in the market, is inverse, in that as the quantity demanded increases prices decrease.

In the same vein, the relationship between the quantity of medical services demanded and the price of medical services, is also inverse which means that the amounts charged by doctors for medical treatment reduces, there would be more patients, since the cost is now cheaper which discourages people to seek alternative medicine.

Find out more about demand-price relationship on:brainly.com/question/26264326

#SPJ1

Full question:

Under free market conditions, the relationship between the quantity of medical services demanded and the price of medical services is:

A. Unknown

B. Equal

C. Direct

D. Inverse

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A fiscal year is a 12-month financial planning period that may or may not coincide with the calendar year.

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the two industries most commonly receiving protection are? a. agriculture and steel. b. pharmaceuticals and steel. c. agricultur
svet-max [94.6K]

Agriculture and clothing  are the two industries  receiving protection.

Protectionism in agricultural trade takes numerous shapes from charges and red tape at the border to so-called non-tariff measures such as agricultural and nourishment security guidelines that surpass those suggested by international public health bodies. The World Trade Organization (WTO) does not set benchmarks but emphatically energizes part nations to utilize universally acknowledged science-based benchmarks at whatever point available along with that The textile and apparel sectors are the foremost ensured segments within the world. not at all like the assurance managed other manufactured items, the materials and apparel segments within the created nations show up to be the beneficiaries of changeless security. Beneath the MFA, trades from creating nations are restricted by sending out shares coming about from bilateral courses of action arranged with bringing in created nations. MFA was at first aiming to supply an efficient but controlled liberalization of universal exchange in materials and attire.

To know more  about agriculture industries refer to the  link brainly.com/question/1863824?referrer=searchResults.

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5 0
1 year ago
If 115 people each produce 356 pens in a day, what is the total production number for that day? A. 40,940 B. 39,490 C. 40,490 D.
miskamm [114]
115 x 356 = 40,940

A. 40,940
5 0
3 years ago
You go to the movie theater to see the latest release by your favorite actor. You quickly realize the movie is not very good, bu
maksim [4K]

Answer:

Sunk cost

Explanation:

The sunk cost is the cost already incurred that will not be recovered in the future. Plus, it's also called past expenses.  

This expense is not considered at the time when the decisions are taking  and it should be neglected as it is not relevant at the time of the decision-making process

In the given scenario since the amount already spent for a movie ticket and for popcorn and we know that we cannot recover now so it would be termed as a sunk cost

7 0
4 years ago
in most large cities there are a large number of bakeries. these bakeries produce similar, but not identical, products. some bak
lana [24]

The bakery market in a large city is an example of Monopolistic competition.

Monopolistic competition exists when many companies offer competing products or services that are similar, but not perfect, substitutes. In this case, the bakeries in large cities that produce similar, but not identical products. The market structure is a form of imperfect competition.

Some of the characteristic of a monopolistic competition structure are;

The presence of many companies.

Each company produces similar but differentiated products.

Companies are not price takers.

Free entry and exit in the industry.

Companies compete based on product quality, price, and how the product is marketed.

For further clarification refer here;

brainly.com/question/13311608

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8 0
2 years ago
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