A pharmaceutical company introduces a new life-saving drug with no close substitutes. The company has a patent on the drug, giving it a monopoly in the market. The drug is expensive to produce, and the company sets a high price for it. In this situation, the demand for the new drug is likely to be:
Since the drug is lifesaving and has no close substitutes, the demand is likely to be relatively inelastic. This means that even if the company increases the price, the quantity demanded will not decrease significantly because patients are willing to pay a high price for a life-saving treatment.
Select the correctly punctuated sentence from the options below.
Identify the highlighted part of speech, choose the correct answer
The student procrastinated too long and failed to finish the project <...
If you’re looking to upgraded your existing machine, you can usually find options that are easy to install yourself.
A teaching profession deliver (A)/ teaching which enabled learning,(B)/ and a system of policies,(C)/ regulations, examinations, structures and fundin...
The ACB claimed that town planning officials (A)/concerned had sanctioned a building plan to (B)/ construct multi storeyed apartments for (C)/lake be...
Hyderabad is set to host a tea championship (A)/for women where the winner can (B)/make home a prize money of ₹1 lakh (C).
Why does bleeding occur through nose in high mountainous regions?
We have sufficient food and clothing about the flood victims in Kerala.
While two judges in the majority said the practice was arbitrary and, therefore, unconstitutional, the third judge called it (legally).
Inference- Sports and empowerment of women
I. When girls exist on the margins of play, they learn that public spaces belong to men. You see th...
