Examlex

Solved

A Client Spends a Great Deal of His Time on the Internet

question 8

Multiple Choice

A client spends a great deal of his time on the Internet or reading articles related to diabetes and its long-term effects.One day the client asks why the nurse has not suggested a life care plan.Which of the following would be the best response by the nurse?


Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good responds to a change in the price of that good, expressed as a percentage change.

Quantity Demanded

Quantity Demanded is the total amount of a good or service that consumers are willing and able to purchase at a given price, over a specified time period.

Total Revenue

The complete amount of income generated by the sale of goods and services before any expenses are deducted.

Unit Elastic

A situation in economics where a percentage change in price causes an equal percentage change in quantity demanded or supplied.

Related Questions