Examlex

Solved

The Nurse Needs to Assess a Patient's Ability to Perform

question 13

Multiple Choice

The nurse needs to assess a patient's ability to perform activities of daily living and should choose which tool for this assessment?


Definitions:

Income Elasticity

A measure of how much the demand for a product or service changes in response to changes in consumer income.

Inferior Good

A type of good for which demand decreases as the income of individuals increases, opposite to normal goods.

Normal Good

A good for which demand increases when income increases, and falls when income decreases but price remains constant, showing a direct relationship between income and demand.

Income Elasticity

A measure of how much the demand for a good or service changes in response to a change in consumers' income levels.

Related Questions