Which of the following will lead to the decrease in the demand of health insurance< A)...

Which of the following will lead to the decrease in the demand of health insurance<

A) An increase in income

B) An increase in premiums

C) An increase in risk aversion

D) An increase in the expected value of an event occuring

Expert Solution

An increase in premiums increase the cost of buying an insurance,which will drive down the demand for insurance.

Answer-B

Rahul Sunny answered 2 years ago

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