Having plotted both the supply curve and the demand curve for a drug on one graph,New Age executives can determine its equilibrium price.At this point,all patients will be equally able to pay for the drug regardless of the quantity supplied by the company.

Question

Quizplus · Accepted Answer

Equilibrium price determines where the quantity supplied equals the quantity demanded, but it does not ensure that all patients can afford the drug, as affordability depends on individual financial situations.

Having Plotted Both the Supply Curve and the Demand Curve