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Sublight2097 Sublight2097
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Posts: 4132
6 years ago
Many middle-to-older-aged men now claim they "need" Viagra (the male impotency wonder drug) for an enjoyable sex life. The economic way of thinking predicts
A) more men would be likely to claim they need Viagra if the price per pill were much lower (say two cents each) compared to the current price.
B) fewer men would be likely to claim they need Viagra if the price per pill were much higher (say, two hundred dollars each) compared to the current price.
C) other things constant, more prescriptions would be written if the price of Viagra falls significantly.
D) other things constant, fewer prescriptions would be written if the price of Viagra rises significantly.
E) all of the above are true.
Textbook 

The Economic Way of Thinking


Edition: 13th
Authors:
Read 226 times
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Chimelo46Chimelo46
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Posts: 5639
6 years ago
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My mind was going in all different directions trying to figure this one out. Thanks so much.
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It was nothing, thanks for updating us.
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