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Given the initial demand and supply curves for prescription drugs and an equilibrium price and (3) questions ) quantity, select from the list below the ones that the direction of change will be to the right.
Which three will be at the right
Consumers become more enamored with the wonders of modern drugs.
Consumers become better educated about the dangers of taking excess drugs.
More consumers enter the market. (upward) The price of nonprescription drugs, which are substitutes, falls.
The price of bottled water, a complement, falls.
This document contains various important questions and their appropriate answers in the subject field of Economics.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
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