https://www.usp.org/blog/what-could-drive-drug-shortages-during-cold-and-flu-season 

Please take some time to read the article attached to the link above and respond the following questions:

1. Explain how secondary markets and stockpiling affect the shortage.
2. Use a supply and demand model to show how the equilibrium price and quantity change when there is a simultaneous increase in demand and decrease in supply.
3. Do you expect the elasticity of supply for cold medicine to be elastic or inelastic? Why?

Use the information you have learned in this chapter to elaborate in your responses.

I will also encourage you to conduct additional online research on the topic and economic issues to further substantiate your responses by using examples.

Work authenticity weighs heavily on assignment grade.