Imagine you are a researcher working on behalf of the Irish pharma industry. Based on the work we have done in class,[ where we have been using demand/supply and elasticity analysis to predict outcomes from various events], prepare short report on how each of the following might impact the price and quantity of pharma products in Ireland. [Treat each of these events separately]. You need to draw a diagram and give a brief explanation for each of these.

I will explain in class how this assignment should be prepared.

1. A per-unit tax is placed on all pharma companies to increase government revenue.
2. A global move away by consumers from prescription drugs as a health scare concerning the dangers of taking too many prescription drugs is published.
3. The government increase the minimum wage paid to all employees.
4. Improvements in technology are implemented that allows for greater efficiency in production methods in the pharma industry.
5. The government impose a price ceiling on all prescription drugs.

The assignment requires the following:

1. A brief introduction on the current state of the Irish pharma industry.

2. Five sections, one for each of the five items above, where you illustrate and explain, using one or a few diagrams and a brief narratve, your thoughts on each scenario.

3. Brief conclusion.

All diagrams must be drawnusing power-point or a similar application. No hand drawn diagrams are

acceptable.

There is no one answer to these scenarios, you need to justify your point of view.

NOTE:

Attention should be paid to grammar, spelling, presentation and flow.

HARVARD REFERENCING SYSTEM TO BE USED THROUGHOUT WITH ALL REFERENCES PROVIDED AT THE END OF THE DOCUMENT.

Please help me with diagrams for each question. Diagrams are mandatory