Asked by Anonymous
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.
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.