Question: . NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE In the market for medications, there is a difference in demand for medications that are

NEED NEW ANSWER ASAP / ANSWER NEVER USED BEFORE

In the market for medications, there is a difference in demand for medications that are under patent, medications that have a strong name brand, and medications that are generics. Discuss the differences in demand for these three different types of medications. Be sure to discuss these differences using the concepts of price elasticity of demand, cross price elasticity of demand and income elasticity of demand.

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