What is likely to happen to the equilibrium price

Reference no: EM133318802

Question: The market for aspirin is in equilibrium. Demand is expected to increase due to recent findings that a daily aspirin regiment is good for the heart and the government is expected to subsidize aspirin manufacturers, lowering their cost of production. What is likely to happen to the equilibrium price and quantity of aspirin?

Reference no: EM133318802

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