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Economics

In the News

Coronavirus: Pandemic triggers sharp rise in price of medication

Graham Watson

13th March 2020

Classic demand and supply in some regards, as a shortage of raw materials drives up the price of painkillers.

However, in the present environment, the pharmaceutical firms need to be careful not to be seen as profiteering and thus offending social norms. Higher prices can easily hit those families least able to afford it.

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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