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April 20, 2014

Homework Help: Econ help.

Posted by Anonymous on Saturday, January 27, 2007 at 7:02pm.

The following is proposals on reducing expenditure on drug.
A: reduce prices by restrictly supply
B: raise prices (by legalizing distribution)
C: Do nothing

What does each of them think about the elasticity of demand for the drug? (elastic, inelastic, unitary elastic)

Please help and give me some explanations, thanks.

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