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Elasticity and the Price of Prescription Drugs

In six pages this paper discusses the need for elasticity regarding the cost of prescriptions drugs because of the significant imp...

Nationwide Prescription Drug Plan Approaches

In a paper consisting of nine pages a nationwide plan for prescription drugs is examined in terms of economic feasibility and the ...

Zoloft

it is taken up and released again, a process called re-uptake (Ogbru and Marks, 2008). A balance is reached when the re-uptake and...

Hydrocodone Abuse

of Schedule III and, thereby, removes many of the usage restrictions. "Vicodin, Lortab--and more than 200 other products that con...

Pricing Controls and Price Equilibrium

is, it represents the price where both sellers and buyers are happy with both price and quantity (GCSE economics, 2004). For examp...

Elasticity of Demand

This 8 page paper looks at the influences on elasticity of demand. The concepts and practical use of price elasticity of demand, i...

Price Elasticity

demand curve may be steeper as the demand will drop off more rapidly as the price increases. By understanding the elasticity forec...

Prescription Drugs' High Costs

In five pages this paper discusses prices in the pharmaceutical industry in this consideration of high prescription drug costs wit...

Coumadin, Its Generic Equivalent, and Pricing Considerations

In five pages this paper discusses how prices vary in drug prices between the Coumadin prescription and its generic equivalent. F...

Medicare, Part D

to the medications needed to ensure their health. Beginning in 2004, Medicare began to offer aid, $600 a year, for covering the co...

VCR Market and Demand Price Elasticity

elasticity is greater than or equal to 1, the curve is considered to be elastic. If it is less than 1, the curve is said to be ine...

Applying Elasticity

items that have a very low cost, such as salt (Nellis and Parker, 2010). The graph below shows the relationship between price and ...

Case Study of Ineos Cholr

of a division, on the top of the division is the percentage change in the quantity demanded, (the percentage change in the number ...

Overview of a Hospital's Reduced Rate Prescription Drug Plan

to bring a new drug to market, and the developer has patent protection only for relatively few years. To recoup its investment in...

Economics and Drug Legalization

In seven pages this paper discusses drug decriminalization and legalization in an assessment of pro and con arguments with product...

European Automotive Market and Issues of Pricing

better than most European nations at the time but took a turn for the worse as the recession of that time spread throughout the wo...

Pricing Decisions

sales they can increase the profit with less made on each individual sale, but making up for the lower profit per unit with a larg...

Pricing Decision Case Study

demand Demand 200,000 150,000 25 Price 20 15 25 Elasticity 1.00 Table 2 Elasticity in 2002 Old amount New amount % change in de...

Elasticity and Supply and Demand

The calculation is then 0.8/-0.8 = -1. Where there is a minus in front of the elasticity this is usually ignored. To look at the l...

The Elderly, Medications for Hypertension and Depression

This research paper presents a discussion of prescription, non-prescription and herbal drugs that can be utilized in treating the...

Elasticity of Addictive Products

This 6 page paper examines the concept of price elasticity of demand for tobacco. The concept and literature is examined and then ...

Health Care Market and Price Elasticity

is reliant on complimentary products, such as cars sales may be affected by the sale of petrol a cross-elasticity may exist. In me...

Supply, Demand, and Price Theory

In seven pages this paper discusses price theory in a consideration of supply, demand, product elasticity and elasticity, and the ...

Economics of Gas Prices

Though oil companies will not admit to any extra profit generation, they do concede that many locales require additional treatment...

Issue of Controlling Drug Prices in Healthcare

In eleven pages drug price control as it relates to healthcare and specifically HMOs are examined in terms of the impact of health...

'Elastic' Prices

In five pages this paper discusses the differences between products that have inelastic prices and those with elastic prices, the ...

5 Questions on Supply and Demand Answered

In seven pages this paper asks and answers five questions on price elasticity, equilibrium price, and supply and demand. Three so...

Price Determination

In five pages this paper discusses price and the impact of supply and demand along with influences on equilibrium by various exter...

Pricing Strategy and Price Elasticity

Ps are superfluous. When the product is sound, however, price will be important as well. Goods and services can vary in their qu...

Pricing Strategy and Price Elasticity II

Ps are superfluous. When the product is sound, however, price will be important as well. Goods and services can vary in their qu...