Let's solve this step-by-step:
1. Identify the Equilibrium Point:
The equilibrium point occurs where the quantity supplied equals the quantity demanded. From the given table:
- At a price of \[tex]$3,000, the quantity supplied is 7,000 and the quantity demanded is 7,000.
Therefore, the equilibrium price is \$[/tex]3,000 and the equilibrium quantity is 7,000 units.
2. Calculate the Insurance Payment:
Insurance covers two-thirds of the equilibrium price. Thus, we need to calculate this portion:
[tex]\[
\text{Insurance Payment} = \text{Equilibrium Price} \times \frac{2}{3}
\][/tex]
Given the equilibrium price is \[tex]$3,000:
\[
\text{Insurance Payment} = 3,000 \times \frac{2}{3} = \$[/tex]2,000
\]
3. Determine the Consumer Price:
The consumer price is the equilibrium price minus the insurance payment.
[tex]\[
\text{Consumer Price} = \text{Equilibrium Price} - \text{Insurance Payment}
\][/tex]
Given the equilibrium price is \[tex]$3,000 and the insurance payment is \$[/tex]2,000:
[tex]\[
\text{Consumer Price} = 3,000 - 2,000 = \$1,000
\][/tex]
4. Conclusion:
The immediate price to the consumer is \[tex]$1,000 and the quantity of health care demanded remains at the equilibrium quantity of 7,000 units.
So the correct choice is:
\[
\$[/tex] 1,000 \text{ and } 7,000
\]
However, this matches neither of the given options. There might be an inconsistency or a misprint in the options provided. Given our reliable computation steps, the only available data should consider deeper insights or clarification on the problem.
