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

Solutions

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

Next > < Previous

Related Solutions

Which of the following would lead to a short-run market surplus for tomatoes? a. A decrease...

Which of the following would lead to a short-run market surplus for tomatoes? a. A decrease in the number of tomato growers. b. An increase in the price of potatoes. c. A new government study shows that tomatoes have a greater risk of contamination from salmonella. d. The price of tomatoes increases.

Which of the following shifts aggregate demand to the right? a. a decrease in the money...

Which of the following shifts aggregate demand to the right? a. a decrease in the money supply b. a decrease in net exports at every exchange rate c. a decrease in prices d. a decrease in taxes

(16)Which of the following statements is true? If there is a simultaneous decrease in the demand...

(16)Which of the following statements is true? If there is a simultaneous decrease in the demand and supply in the market for cooking gas: (a)The price for cooking gas decreases and the quantity decreases (b)The price of cooking gas is undetermined and the quantity decreases (c)The price of cooking gas decreases and the quantity is undetermined (d)The price for cooking gas increases and the quantity decreases (17)Given ceteris paribus, if consumer tastes change so that people are eating less carrots,...

Demand for health care insurance shows the level of health insurance that an individual obtain to...

Demand for health care insurance shows the level of health insurance that an individual obtain to be used in case of facing illness. The level of insurance could vary in accordance with changes in the demand factors. Of the factors we studied that influence the demand for health insurance, which do you believe have the greatest impact on the purchase of health insurance? Make sure you discuss all the factors and then explain in depth your reasoning for the factors...

40. Assume there is a decrease in demand (only). Which of the following is correct? Group...

40. Assume there is a decrease in demand (only). Which of the following is correct? Group of answer choices The equilibrium price will decrease, and the equilibrium quantity will increase. The equilibrium price will increase, and the equilibrium quantity will decrease. The equilibrium price will decrease, and the equilibrium quantity will decrease. The equilibrium price will increase, and the equilibrium quantity will increase. 41. Which of the following will cause a decrease in the supply for good Z (a normal...

part 1a. Which of the following events will lead to an increase in aggregate demand? a....

part 1a. Which of the following events will lead to an increase in aggregate demand? a. an increase in interest rates. b. an increase in income inequality. c. an increase in import spending. d. an increase in capacity utlization. e. none of the above 1b: In the fixed-price Keynesian model, which of the following will lead to the largest increase in real GDP? a. a balanced budget change of $500. b. an increase in government spending of $500. c. a...

what is the role of health insurance in determining the demand for health services

Describe how, in the long-run, a permanent decrease in demand can lead to exit of incumbent...

Describe how, in the long-run, a permanent decrease in demand can lead to exit of incumbent firms.

The following questions refer to the demand for health insurance. Consider the following: Aditi can chose...

The following questions refer to the demand for health insurance. Consider the following: Aditi can chose to insure herself or not insure. · She makes $20,000 if she is not sick, and only $10,000 if she is sick. Given that she is sick, the insurance company will pay out $10,000 if she has insurance coverage · Probability of her being sick is 0.2 · The cost of insurance is $2000. Here is the income utility schedule. Income (in dollars) Utility...

Identify recent studies in the literature which have investigated the impact of health insurance and income on the demand for health care?

Subjects