PED

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Drug prices soar in the U.S. as a result of low PEDs

The NY Times: Runaway Drug Prices Article published: May 5, 2015 - out of date: no longer suitable for your IB Economics commentary IB Economics syllabus: Microconomics (Elasticities, necessities, govt' intervention) Many medicines have a low price elasticity of demand due to the low number of substitutes and the fact that they are necessities. As producers are also [...]

By | 2017-08-23T10:51:41+00:00 May 5th, 2015|Micro|Comments Off on Drug prices soar in the U.S. as a result of low PEDs

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