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.

No one has answered this question yet.

Answer this Question

Related Questions

156 - is this a strong thesis statement? Legalizing marijuana has many benefits ...
Econ - What effect do lifting of price controls have on inflation in the long ...
econ - I was wondering if someone had to do a supply and demand curve for the ...
Economics - Which of the following is considered a cause of inflation? B. ...
MICROECONOMICS - This is really long but i really need help!! THX In 1973, there...
Economics - Could you please check this Directions: Match each item with the ...
econ 460 - 1. The demand for a new drug is given by P = 4 – 0.5Q. The ...
Economics - “Prices contribute to the efficient production and distribution...
Microeconomics - I am having a hard time answering these questions. I just need ...
economics - (A) “Market demand for wheat is relatively stable over time but...

For Further Reading

First Name:
School Subject:
Answer: