If Demand Is Price Elastic, Total Revenue Is

question 202

Multiple Choice

If demand is price elastic, total revenue is

• A)directly related to quantity demanded
• B)inversely related to quantity demanded
• C)directly related to price
• D)directly related to price and inversely related to quantity demanded
• E)not related to either price or to quantity demanded

---

Definitions:

Cultural Competence

The ability of professionals to interact effectively with individuals from different cultures, recognizing and respecting their diverse beliefs, values, and practices.

Science Of Human Caring

A theory in nursing focused on the interrelationships of health, illness, and human behavior, emphasizing care and compassion.

Nursing Theory

A conceptual framework designed to guide nursing practice and research by explaining relationships between concepts and proposing outcomes.

Jean Watson

A nursing theorist known for her Theory of Human Caring, which emphasizes the importance of building relationships between patients and caregivers based on mutual respect and caring.