Suppose the Price of a Good Is $6 and Quantity

question 12

Multiple Choice

Suppose the price of a good is $6 and quantity demanded is 10 units. When price decreases to $5, quantity demanded increases to 13 units. What happened to total revenue and what does this indicate?

• A) Total revenue decreased from $65 to $60, indicating that demand is inelastic.
• B) Total revenue decreased from $65 to $60, indicating that demand is elastic.
• C) Total revenue increased from $60 to $65, indicating that demand is inelastic.
• D) Total revenue increased from $60 to $65, indicating that demand is elastic.

Understand the continuing education and recertification requirements for various medical assistant certifications.

Comprehend the roles and responsibilities associated with different levels and types of medical assisting duties.

Recognize the importance of scope of practice and its determination factors for medical assistants.

Identify the main organizations involved in medical assistant certification, education, and accreditation.

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Definitions:

Little Importance

A term used to denote items, issues, or topics that are considered to have minimal significance or priority.

Avoidance

A strategy or behavior aimed at steering clear of certain situations, conflicts, or responsibilities due to perceived potential negative outcomes.

Switching Departments

The process of an employee moving from one department to another within the same organization to assume a different role or responsibility.

Trust

The confidence in the reliability, truth, ability, or strength of someone or something.