Which of the Following Terms Best Characterizes the Demand for Health

question 180

Multiple Choice

Which of the following terms best characterizes the demand for health care?

• A)price elastic
• B)price inelastic
• C)income inelastic
• D)negative cross elasticity

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Definitions:

Managerial Responsibility

The obligation of managers to make decisions and oversee an organization's resources and operations in an ethical, effective, and lawful manner.

Technical Skills

refer to the abilities and knowledge needed to perform specific tasks, often involving mechanical, informational, or scientific tasks.

Organisation

An entity comprising multiple people, such as a corporation or government, structured to achieve a collective goal or set of objectives.

Manager

An individual responsible for controlling or administering an organization or group of staff, making decisions on planning, organizing, leading, and controlling.