The reason why a cure to a disease such as AIDS would have less elastic demand than a vaccine at every price is that
A) the vaccine would be more expensive.
B) the cure would be more expensive.
C) for a person with AIDS the only alternative to the cure is death.
D) for a person with AIDS a vaccine would be more effective.
Correct Answer:
Verified
Q1: A patent
A)is better for a writer of
Q2: Patents grant the inventor the exclusive rights
Q3: The "price" of effectively treating AIDS
A)has gone
Q4: The demand curve for AIDS drugs is
Q6: The reason why a cure to a
Q7: A patent
A)is better for a writer of
Q8: The main reason why monopoly governs prescription
Q9: In 2014 prescription drugs account for approximately
Q10: Relative to a cure for AIDS, the
Q11: Once a drug has been invented, marginal
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