Health plans are the medical insurances that are used to cover medical bills or expenses. Using the standard plan she can pay $7,000, and using the economy plan $6,000.
<h3>What are economy and standard plans?</h3>
An economy plan is a health plan that covers the cost and the spending of the health care industry. To buy health care plans she needs to approach in-network doctors.
The standard plan is the health plan that pays approximately 60% of the total cost. The maximum out-of-pocket cost that is supposed to be paid in the standard plan is $7,000.
Therefore, economy and standard are the health care plans.
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They are not likely to compete for the same mate.
Answer:
The Elasticity Demand curve sloped forward and this will affect the price of commodity because when Supply increases, Demand also does.
Yes because it tell people how this app helps the community and students