Use supply and demand diagrams to show what would happen if additional LTC insurance allows more...

Use supply and demand diagrams to show what would happen if additional LTC insurance allows more substitution of nursing home care for hospital care. According to your diagram, do LTC expenditures increase or decrease? Do hospital expenditures increase or decrease? Do total expenditures (LTC + hospital) increase or decrease? Explain.

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Rahul Sunny answered 5 months ago

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