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Author Question: Elasticity of demand for prescription drugs is estimated to be much lower than elasticity of demand ... (Read 72 times)

M1ch3a

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on: Oct 12, 2022
Elasticity of demand for prescription drugs is estimated to be much lower than elasticity of demand for one particular brand of over-the-counter cough medicine. One reason for this is
◦ there are no substitutes for one brand of cough medicine in the short run.
◦ there are many substitutes for prescription drugs in the long run.
◦ there are no substitutes for one brand of cough medicine in the long run.
◦ there are few substitutes for the broad category of prescription drugs while there are many substitutes for one brand of cough medicine.
◦ there are many substitutes for prescription drugs in the short run.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by M1ch3a on Oct 12, 2022

ellie

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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M1ch3a

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

nathang24

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Reply 3 on: Yesterday
Excellent

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