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In early 2015, Martin Shkreli increased the price of Daraprim (a pill used to treat toxoplasmosis) by 5500%. The price of the drug rose from
In early 2015, Martin Shkreli increased the price of Daraprim (a pill used to treat toxoplasmosis) by 5500%. The price of the drug rose from $13.50 per pill (in 2014) to $750 per pill in 2015. Select the item from the list provided to make the following statements true. 5, v As a result of the price increase (ceteris paribus), the Movement up and along the demand curve quantity demanded for the drug will Increased 5, v Later in 2015. the price of Daraprim was lowered but was Not equal still higher than its original price. So compared to 2014, the quantity demanded late in 2015 for the drug (ceteris paribus) would show a Shift to the left of the demand curve Decrease 12. v if the price of the drug was returned to its original price of $13.50 per pill as in 2014, and the same quantity was then demanded by consumers, an economist would say that demand Decrease in quantity demanded Shift right of the demand curve Shift left of the supply curve l-OPOHFJ'P'P-PUNT' Movement both up and down along the demand curve 10, Movement down and along the demand curve 1 1, Not enough information 12, is unchanged
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