Given the initial demand and supply curves for prescription


Given the initial demand and supply curves for prescription drugs and an equilibrium price and (3) questions ) quantity, select from the list below the ones that the direction of change will be to the right.

Which three will be at the right

Consumers become more enamored with the wonders of modern drugs.

Consumers become better educated about the dangers of taking excess drugs.

More consumers enter the market. (upward) The price of nonprescription drugs, which are substitutes, falls.

The price of bottled water, a complement, falls.

Request for Solution File

Ask an Expert for Answer!!
Business Economics: Given the initial demand and supply curves for prescription
Reference No:- TGS01356951

Expected delivery within 24 Hours