Quantity SuppliedPriceQuantity Demanded12,000$5,0002,00010,0004,0004,0007,0003,0007,0004,0002,00011,0001,0001,00016,000 The table gives supply and

Quantity SuppliedPriceQuantity Demanded12,000$5,0002,00010,0004,0004,0007,0003,0007,0004,0002,00011,0001,0001,00016,000

The table gives supply and demand data for a certain elective surgical procedure. Without health insurance, the equilibrium price and quantity would be

Multiple Choice

• $4,000 and 4,000.
• $2,000 and 11,000.
• $5,000 and 2,000.
• $3,000 and 7,000.