In markets with third-party payers,
A) prices consumers pay directly for the goods and services they consume decrease.
B) prices suppliers receive for the goods and services they provide increase .
C) total spending increases.
D) All of the above.

Question

Quizplus · Accepted Answer

In markets with third-party payers, such as insurance companies, consumers often pay less out-of-pocket, suppliers may receive higher payments due to negotiated rates, and overall spending tends to increase due to reduced price sensitivity and increased consumption.

In Markets with Third-Party Payers