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For several years, per capita expenditure on prescription drugs in Vor

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GeminiHeat
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For several years, per capita expenditure on prescription drugs in Vor [#permalink] New post   28 Apr 2022, 10:48
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For several years, per capita expenditure on prescription drugs in Voronia rose by fifteen percent or more annually. In order to curb these dramatic increases, the ministry of health prohibited drug manufacturers from raising any of their products' prices. Even though use of prescription drugs did not expand after this price freeze, per capita expenditure for prescription drugs continued to increase by a substantial percentage each year.

Which of the following, if true, most helps to explain why the ministry's action did not achieve its goal?

(A) After price increases were prohibited, drug manufacturers concentrated on producing new medications to replace existing products.

(B) The population of Voronia rose steadily throughout the period.

(C) Improvements in manufacturing processes enabled drug manufacturers to maintain high profit levels on drugs despite the price freeze.

(D) In addition to imposing a price freeze, the government encouraged doctors to prescribe generic versions of common drugs instead of the more expensive brand-name versions.

(E) After price increases were prohibited, some foreign manufacturers of expensive drugs ceased marketing them in Voronia.



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Carcass
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Re: For several years, per capita expenditure on prescription drugs in Vor [#permalink] New post   06 May 2022, 00:54
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Per capita expenditure = (Price x Volume)/ Population

So, for per capita expenditure to rise, any of 3 things have to happen
1) Price increases,
2) Volume increases,
3) Population decreases

Now, let's look at the choices

A) Will come back to this last.

B) Population increased. My formula tells me population can't increase. NOT B

C) High profit levels. Who gives a ****. NOT C

D) Generic drugs. Which means lower prices. My formula tells me prices need to increase. NOT D

E) No more marketing. Who gives a ****. NOT E.

A) That leaves us with A. Simple elimination. Now it could be possible that the new medications were more expensive. Higher prices. Satisfies my formula. Or the medications were not more expensive, but you don't know for sure. So, A is the "best" answer because all other choices are clearly wrong
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NickOP
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Re: For several years, per capita expenditure on prescription drugs in Vor [#permalink] New post   15 May 2022, 22:36
Carcass wrote:
Per capita expenditure = (Price x Volume)/ Population

So, for per capita expenditure to rise, any of 3 things have to happen
1) Price increases,
2) Volume increases,
3) Population decreases

Now, let's look at the choices

A) Will come back to this last.

B) Population increased. My formula tells me population can't increase. NOT B

C) High profit levels. Who gives a ****. NOT C

D) Generic drugs. Which means lower prices. My formula tells me prices need to increase. NOT D

E) No more marketing. Who gives a ****. NOT E.

A) That leaves us with A. Simple elimination. Now it could be possible that the new medications were more expensive. Higher prices. Satisfies my formula. Or the medications were not more expensive, but you don't know for sure. So, A is the "best" answer because all other choices are clearly wrong


i'll start incorporating this in my mental notes while attempting these questions :)
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Chaithraln2499
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Re: For several years, per capita expenditure on prescription drugs in Vor [#permalink] New post   17 May 2022, 10:44
Is this like a standard formula?

Carcass wrote:
Per capita expenditure = (Price x Volume)/ Population

So, for per capita expenditure to rise, any of 3 things have to happen
1) Price increases,
2) Volume increases,
3) Population decreases

Now, let's look at the choices

A) Will come back to this last.

B) Population increased. My formula tells me population can't increase. NOT B

C) High profit levels. Who gives a ****. NOT C

D) Generic drugs. Which means lower prices. My formula tells me prices need to increase. NOT D

E) No more marketing. Who gives a ****. NOT E.

A) That leaves us with A. Simple elimination. Now it could be possible that the new medications were more expensive. Higher prices. Satisfies my formula. Or the medications were not more expensive, but you don't know for sure. So, A is the "best" answer because all other choices are clearly wrong
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Carcass
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Re: For several years, per capita expenditure on prescription drugs in Vor [#permalink] New post   18 May 2022, 07:03
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Chaithraln2499 wrote:
Is this like a standard formula?

Carcass wrote:
Per capita expenditure = (Price x Volume)/ Population

So, for per capita expenditure to rise, any of 3 things have to happen
1) Price increases,
2) Volume increases,
3) Population decreases

Now, let's look at the choices

A) Will come back to this last.

B) Population increased. My formula tells me population can't increase. NOT B

C) High profit levels. Who gives a ****. NOT C

D) Generic drugs. Which means lower prices. My formula tells me prices need to increase. NOT D

E) No more marketing. Who gives a ****. NOT E.

A) That leaves us with A. Simple elimination. Now it could be possible that the new medications were more expensive. Higher prices. Satisfies my formula. Or the medications were not more expensive, but you don't know for sure. So, A is the "best" answer because all other choices are clearly wrong


if you mean the per capita expenditure I would say yes
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Re: For several years, per capita expenditure on prescription drugs in Vor [#permalink]
18 May 2022, 07:03
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