<span>Cynthia will have to pay the $175 that was not covered by her indemnity policy. An indemnity policy typically pays a fixed amount for qualified medical services, with the policy-holder responsible for the balance.</span>
Answer: No loss, no gain
Explanation:
When an employer changes group plan to another insurer, all employees under the previous coverage would be eligible to gain under the new plan without any delay for probation.
Solution , explanatory , inquiring
Answer:
Liquor consumers
Explanation:
Price elasticity measures the degree of responsiveness of quantity demanded to changes in price. Demand is elastic if a small change in price has a great effect on quantity demanded. The coefficient of elasticity is usually greater than 1.
Demand is inelastic if changes in price has little or no impact on the quantity demanded. Coefficient of elasticity is usually less than 1.
The elasticity of demand for liquor is -0.4 while the elasticity of supply for liquor is 3.5. Therefore the demand for liquor is inelastic while the supply of liquor is elastic.
If taxes are imposed on consumers, the quantity demanded wouldn't change or change a little.
If taxes are imposed on suppliers, the quantity supplied would fall more.
Therefore , the burden of tax can be passed on more to consumers.
I hope my answer helps you.
