In 2017-18 How Many Patients Were Assessed,treated and Transported to Emergency

question 7

Multiple Choice

In 2017-18 how many patients were assessed,treated and transported to emergency departments by ambulance?

• A)Over 3.7 million
• B)7 million
• C)10 million
• D)15 million

---

Definitions:

Price Discrimination

A pricing strategy where different prices are charged for the same product or service in different markets or to different consumers.

Elastic Demand

A situation where the quantity demanded of a product is highly responsive to changes in its price.

Inelastic Demand

The condition when the quantity demanded of a product changes very little in response to changes in its price.

Profit-Maximizing

The approach by which an enterprise figures out the optimal pricing and production levels for the highest profit return.