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提问人：网友hyg1978
发布时间：2022-01-07
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Suppose that a new drug has been approved to treat...
Suppose that a new drug has been approved to treat a lifethreatening disease. The demand for that drug is shown on the graph below. Prior to approval of this drug, the only treatment for this condition was any one of several nonprescription, or overthecounter, pain relievers. The demand for one brand of the several nonprescription pain relievers is also shown on the graph.
At a price of $15 (the price at which the two demand curves intersect), the price elasticity of demand for the new drug is ______ the price elasticity of demand for the overthecounter pain reliever.
A、greater than
B、less than
C、the same as
D、the reciprocal of
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If the manufacturer of the new drug chose to increase its price from $30 to $35, consumers would buy ______ doses, and have _____ total expenditures.
A likely reason for the difference in the slopes of the demand curves is that:
