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Suppose That a New Drug Has Been Approved to Treat

Question 29

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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. 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 $90 to $100,consumers would acquire ______ doses,and have _____ total expenditures. A)  more;higher B)  fewer;lower C)  more;lower D)  fewer;higher
Refer to the figure above.If the manufacturer of the new drug chose to increase its price from $90 to $100,consumers would acquire ______ doses,and have _____ total expenditures.


A) more;higher
B) fewer;lower
C) more;lower
D) fewer;higher

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