Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Lorianne
"Even as Prescription Drug Volume Stagnates, Prices Soar."

The title alone tells me that this guy doesn't have a clue about economics.The title should say: Even as Prescription Drug Volume Stagnates, Because Prices Soar.

2 posted on 04/18/2016 4:23:41 PM PDT by norwaypinesavage (The Stone Age did not end because we ran out of stones)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: norwaypinesavage; Lorianne
Prescription Drug Volume Stagnates, Because Prices Soar.

It could be the other way around.

Lots of companies raise prices as their volume stagnates. This can work in their favor because of inelastic demand. Doctors keep writing prescriptions as the price goes up. People don't drop cable right away if there is no alternative. As long as there are enough suckers to keep paying higher prices so that the total income is maximized, companies are not going to drop prices even if volume declines.

4 posted on 04/18/2016 5:26:28 PM PDT by wideminded
[ Post Reply | Private Reply | To 2 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson