Multiple Choice
Suppose that a new drug has been approved to treat a life-threatening disease.Demand for that drug is shown on the graph below.Prior to approval of this drug,the only treatment for this condition was non-prescription pain relief.Demand for one brand of non-prescription pain reliever is also shown on the graph below.
Refer to the figure above.If the manufacturer of the new drug chose to increase its price from $30 to $40,consumers would acquire ______ doses,and have _____ total expenditures.
A) more;higher
B) fewer;lower
C) more;lower
D) fewer;higher
Correct Answer:

Verified
Correct Answer:
Verified
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