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Homework answers / question archive / Your inverse demand curve for medical care is given byP = 18 -

Your inverse demand curve for medical care is given byP = 18 -

Economics

Your inverse demand curve for medical care is given byP = 18 -.5Q, where P is the market price and Q is the number of units you demand.Suppose the market price of medical care is $10 per unit, and you havean insurance plan that hasa $200 deductible and a coinsurance rate of .10 once that deductible is met.Use this information to answer questions 1-2. 1. Graph the price line and yourdemand curve. On the graph, label the values of the x and y interceptsof the demand curve, the quantity where the deductible is met, the horizontal sections of the price line, and the point(s) where the demand curve intersects the price line. 2. Find the number ofunitsof medical care that you will demand. Show all calculations that you performed in your analysis. 

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