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Scenario 3 You are suffering from a rare disease and need to take a single pill every day to stay alive. Right now, you are

Scenario $3$

You are suffering from a rare disease and need to take a single pill every day to stay alive. Right now, you are paying $ $10$ per pill for the life $-$ saving medication. If the price of the pill goes

up to $ $20$ per pill, how many will you buy? What if the price falls to $ $5$ per pill?

Type of Elasticity:

Goo

Determinant $($ s $)$ :

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