The Cost of Producing Aspirin Increases at the Same Time

question 34

Multiple Choice

The cost of producing aspirin increases at the same time as doctors discover that taking one aspirin per day reduces the risk of heart attacks.As a result, the

• A)supply of aspirin decreases and the demand for aspirin increases.
• B)equilibrium quantity of aspirin decreases and the equilibrium price of aspirin rises.
• C)equilibrium quantity of aspirin increases and the equilibrium price of aspirin rises.
• D)supply of aspirin decreases by more than the demand for aspirin increases.
• E)supply of aspirin increases and the demand for aspirin decreases.

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Definitions:

Characteristics

Qualities or features that are typical of a person, thing, or group and serve to identify them.

Delegation

The assignment of responsibility or authority from one person to another for specific tasks or functions.

Organic Company

A business that is flexible, adaptive, and informal in its structure and operations, often contrasted with more bureaucratic, traditional firms.

Barriers

Obstacles that impede progress or achievement.