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LSUS MHA 710 ECONOMICS EXAM 1 NEWEST
2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {40 Q & A}
ALREADY GRADED A+ | BRAND NEW! | 100%
GUARANTEED PASS
Which of the following represents the largest category of health
care spending in the United States? - ✔✔✔ Correct Answer > Hospital
Care
The direct effect of a shortage of hospital beds in a hospital
services market is: - ✔✔✔ Correct Answer > Upward pressure on the
price of a hospital stay.
All of the following will cause a shift in the medical care supply
curve, except: - ✔✔✔ Correct Answer > A change in the percentage of
the population with health insurance.
Assuming providers will accommodate patient desires, what
effect would a binding price ceiling have on the health care
market? - ✔✔✔ Correct Answer > Price will decrease to adhere to the
price ceiling & quantity will increase.
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Suppose the U.S. Food & Drug Administration restricts the
amount of prescription opiates produced & sold in the U.S.
market. What is the likely effect on the market for drugs used to
control chronic pain the United States? - ✔✔✔ Correct Answer > The
price of prescription opiates will increase & the quantity
consumed will decrease.
The following graph depicts the market for CT scanners in the
United States:
Assume an initial equilibrium at D1 and S1 with a price of $1.20
million per machine. If the government places a $100,000 excise
tax on each new scanner sold, the new equilibrium price will be:
- ✔✔✔ Correct Answer > less than $1.30 million.
Suppose robotic technology improves the results of abdominal
surgery—less time to perform the surgery, faster recovery times,
and fewer mistakes. What is the impact on the market for
abdominal surgery using this new technology? - ✔✔✔ Correct Answer
> Demand for robot-assisted surgery will increase, & prices will
rise.
If a hospital is experiencing economies of scale: - ✔✔✔ Correct
Answer > Its average cost curve is negatively sloped as output
increases.
LSUS MHA 710 ECONOMICS EXAM 1 NEWEST
2026 ACTUAL EXAM QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED
ANSWERS) ALL ANSWERED {40 Q & A}
ALREADY GRADED A+ | BRAND NEW! | 100%
GUARANTEED PASS
Which of the following represents the largest category of health
care spending in the United States? - ✔✔✔ Correct Answer > Hospital
Care
The direct effect of a shortage of hospital beds in a hospital
services market is: - ✔✔✔ Correct Answer > Upward pressure on the
price of a hospital stay.
All of the following will cause a shift in the medical care supply
curve, except: - ✔✔✔ Correct Answer > A change in the percentage of
the population with health insurance.
Assuming providers will accommodate patient desires, what
effect would a binding price ceiling have on the health care
market? - ✔✔✔ Correct Answer > Price will decrease to adhere to the
price ceiling & quantity will increase.
, 2|Page
Suppose the U.S. Food & Drug Administration restricts the
amount of prescription opiates produced & sold in the U.S.
market. What is the likely effect on the market for drugs used to
control chronic pain the United States? - ✔✔✔ Correct Answer > The
price of prescription opiates will increase & the quantity
consumed will decrease.
The following graph depicts the market for CT scanners in the
United States:
Assume an initial equilibrium at D1 and S1 with a price of $1.20
million per machine. If the government places a $100,000 excise
tax on each new scanner sold, the new equilibrium price will be:
- ✔✔✔ Correct Answer > less than $1.30 million.
Suppose robotic technology improves the results of abdominal
surgery—less time to perform the surgery, faster recovery times,
and fewer mistakes. What is the impact on the market for
abdominal surgery using this new technology? - ✔✔✔ Correct Answer
> Demand for robot-assisted surgery will increase, & prices will
rise.
If a hospital is experiencing economies of scale: - ✔✔✔ Correct
Answer > Its average cost curve is negatively sloped as output
increases.
