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Economics

For a given quantity demanded, the vertical distance between the effective and nominal demand curves shows the amount paid by the individual out-of-pocket and the amount paid by the insurer as per the agreed coinsurance rate. What would happen to the nominal demand curve in the event a person also has to pay a copayment, but no deductible?

a) nominal demand curve will rotate clockwise

b) nominal demand curve will rotate anti-clockwise

c) nominal demand curve will not rotate

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92202005

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