Question: PLEASE HELP ASAAP Question 20 (1 point) If a pharmaceutical firm's patent expires and more firms enter its market with generic versions of its medicine,

PLEASE HELP ASAAP

Question 20 (1 point) If a pharmaceutical firm's patent expires and more firms enter its market with generic versions of its medicine, then we would expect the price elasticity of demand to______---- and its markup to increase; rise increase; fall decrease; rise decrease; fall

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