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Suppose That a New Drug Has Been Approved to Treat

question 82

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Suppose that a new drug has been approved to treat a life-threatening 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 non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph. Suppose that a new drug has been approved to treat a life-threatening 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 non-prescription, or over-the-counter, pain relievers. The demand for one brand of the several non-prescription pain relievers is also shown on the graph.   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) more; higher B) fewer; lower C) more; lower D) fewer; higher If the manufacturer of the new drug chose to increase its price from $30 to $35, consumers would buy ______ doses, and have _____ total expenditures.

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Definitions:

Two-Person Single Career

A situation where one partner's career is prioritized, and the other partner contributes support to ensure the success of that career, often sacrificing their own career advancement.

Dual-Career Couple

A partnership where both individuals have careers and work outside the home, often facing challenges balancing work and family life.

Displaced Homeless

Individuals who become homeless due to being displaced from their residence by factors like natural disasters, conflict, or development-induced eviction.

Hidden Homeless

Individuals who do not have stable, permanent housing but are not visibly living on the streets; often staying with friends, in shelters, or in temporary accommodations.

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