Question: Hello. i need help with questions 1 with explanations. 1) The inventor and manufacturer of Drug X has a patent on this medicine, but the

Hello. i need help with questions 1 with explanations.

1) The inventor and manufacturer of Drug X has a patent on this medicine, but the patent will expire soon.Use the supply-and-demand model to explain verbally and illustrate graphically how the equilibrium price and quantity of drug X will change when the patent expires and other firms start producing and selling it.(8)

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