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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: Suppose drug companies come out with new wonder-drugs capable of curing the common cold. What is the
Post by: Sublight2097 on Jun 20, 2015
Suppose drug companies come out with new wonder-drugs capable of curing the common cold. What is the most likely effect on the demand for physicians' services?
A) The demand will become more elastic.
B) The demand will become more inelastic.
C) The demand will decrease if government or private insurance pays all or most of the physicians' fees.
D) The demand will increase if the drugs can only be obtained with a physician's prescription.
E) The demand will not change, though the quantity demanded almost certainly will.


Title: Re: Suppose drug companies come out with new wonder-drugs capable of curing the common cold. What is
Post by: Dropx on Aug 18, 2015
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Title: Re: Suppose drug companies come out with new wonder-drugs capable of curing the common cold. What is the
Post by: Sublight2097 on Aug 31, 2015
My mind was going in all different directions trying to figure this one out. Thanks so much.


Title: Re: Suppose drug companies come out with new wonder-drugs capable of curing the common cold. What is the
Post by: Dropx on Aug 31, 2015
Another success story!

I'm proud 8-)