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Question
In 1992, the Occupational Safety and Health Authority passed the Bloodborne Pathogens Standard (BBP), which regulates dental office procedures. This regulation is designed to minimize the transmission of infectious disease from patient to dental worker. The effect of this regulation was both to increase the cost of providing dental care and to ease the fear of going to the dentist as the risk of contracting an infectious disease.What is the effect of the BBP on the market for dental care?
A) Both supply and demand shift to the right.
B) Both supply and demand shift to the left.
C) Supply shifts to the right, and demand shifts to the left.
D) Supply shifts to the left, and demand shifts to the right.
E) none of the above
Answer
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Related questions
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Scenario 14.4:
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L = PL -5 MEL = 2L + 5
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Use the following statements to answer this question:
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Q:
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Q:
The marginal revenue product can be expressed as the
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D) average physical product of the input times the marginal revenue received from the sale of the final product.