A Resident Has a Manually Operated Bed

question 14

Multiple Choice

A resident has a manually operated bed.Which statement is correct?

• A) Hand cranks are at the head of the bed.
• B) The cranks are pushed down for use.
• C) The cranks are kept in the down position when not in use.
• D) The bed can be locked into a certain position.

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Definitions:

Inelastic

Refers to a situation where the demand or supply of a good or service is relatively unresponsive to changes in price.

Price Effect

The impact on consumer demand and supply of goods caused by changes in the price of a product or service.

Quantity Effect

The impact on the total quantity bought or sold in a market as a result of changes in price.

Least Elastic

Refers to the good or service with the least sensitivity to changes in price, meaning the quantity demanded or supplied changes very little with price changes.