(1) Research/examine the elasticity value of insulin. Discuss briefly your main findings.

(2) Consider an appropriate price to be used by a pharmaceutical company producing insulin. Explain how you came up with this price.

(3) Ponder the variety of issues which may arise-at the (i) firm level, (ii) economic level, and (iii) social level because of the firm's pricing strategy.

(4) Discuss thoroughly the spill-over effects of making the price of insulin very affordable to consumers.