Answer:
The correct answer is: rise and the equilibrium quantity to stay the same.
Explanation:
The demand curve for life-saving medicine is perfectly inelastic. This means the shape of the demand curve will be a vertical line. So when there is a reduction in supply, the supply curve will shift to the left.
The new supply curve will intersect the demand curve at a higher point. The price will increase but the equilibrium quantity will remain the same.
