# Lets say that each diagnostic test costs \$400 to administer. When t.pdf

A

Let's say that each diagnostic test costs \$400 to administer. When the price is P and the number of tests is Q, Julie's private demand for the test is Q = 10 - 0.02P. Julie has health insurance, and she must pay a co-payment of \$100 for the test. The number of diagnostic tests Julie will request is ______ given her co-payment amount. The deadweight loss associated with Julie's decision of the number of tests to receive given the cost she must pay is \$______, assuming there are no externalities associated with giving or receiving the test. (If necessary, round entries to the nearest whole number and enter only numbers.).

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### Lets say that each diagnostic test costs \$400 to administer. When t.pdf

• 1. Let's say that each diagnostic test costs \$400 to administer. When the price is P and the number of tests is Q, Julie's private demand for the test is Q = 10 - 0.02P. Julie has health insurance, and she must pay a co-payment of \$100 for the test. The number of diagnostic tests Julie will request is ______ given her co-payment amount. The deadweight loss associated with Julie's decision of the number of tests to receive given the cost she must pay is \$______, assuming there are no externalities associated with giving or receiving the test. (If necessary, round entries to the nearest whole number and enter only numbers.)
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