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.The manufacturer of the pain reliever would _______ total revenue by increasing the price from $15 to $25.
A) increase
B) decrease,but continue to earn some
C) experience no change
D) completely eliminate
Correct Answer:

Verified
Correct Answer:
Verified
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