What would this graph look like in accordance to the attached graph?

Oct 19th, 2015
KateS
Category:
Accounting
Price: $10 USD

Question description

assuming competitive markets use supply and demand graphs to appraise: 

A. assume the supply curve for medical care is positivily sloped and dmand curve is negatively sloped. Assume that 20% of them he population does not have insurance. A new law is passed that provides insurance to everyone as a result the equilibrium price & quantity of car will both rise. 

B. Also assume supply curve is horizontal(flat) & will have no effect on equilibrium price & quantity compared with results in part (a).

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