Suppose a country facing a shortage of prescription drugs eliminates price caps. Which of the following is most likely to occur? a. A decrease in demand for prescription drugs and an increase in the number of drugs supplied b. An increase in demand for prescription drugs and a decrease in the number of drugs supplied c. A decrease in prescription drugs and a decrease in the number of drugs supplied d. An increase in prescription drugs and an increase in the number of drugs supplied

Suppose a country facing a shortage of prescription drugs eliminates price caps. Which of the following is most likely to occur? a. A decrease in demand for prescription drugs and an increase in the number of drugs supplied b. An increase in demand for prescription drugs and a decrease in the number of drugs supplied c. A decrease in prescription drugs and a decrease in the number of drugs supplied d. An increase in prescription drugs and an increase in the number of drugs supplied

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter7: Demand And Supply

Section: Chapter Questions

Problem 23AA

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