Pharmaceutical wholesalers invest in new digital tracking systems and cold-chain storage facilities to enable them to maintain larger inventories of critical vaccines.
Other things remaining the same, this is most likely to result in
a reduction in the barriers to entry in the pharmaceutical distribution market.
a higher price elasticity of supply of these vaccines.
an increase in the demand for these vaccines.
diseconomies of scale for individual distributor networks.
256 exam-style questions on AQA A Level Economics 1.3 Price determination in a competitive market, covering 1.3.1 The determinants of the demand for goods and services, 1.3.2 Price, income and cross elasticities of demand, 1.3.3 The determinants of the supply of goods and services, 1.3.4 Price elasticity of supply, 1.3.5 The determination of equilibrium market prices, and 1.3.6 The interrelationship between markets. Each one has a worked solution and a mark scheme showing where the marks go.