Clinical Pathways Are Used in Managed Care Settings To

question 21

Multiple Choice

Clinical pathways are used in managed care settings to:

• A) stabilize aggressive patients.
• B) identify obstacles to effective care.
• C) relieve nurses of planning responsibilities.
• D) streamline the care process and save money.

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Definitions:

Price Inelastic

Describes a situation where the quantity demanded or supplied of a good or service changes by a smaller percentage than the percentage change in price.

Cross Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good.

Substitute Goods

Products or services that can be used in place of each other. When the price of one falls, the demand for the other product falls; conversely, when the price of one product rises, the demand for the other product rises.

Cross Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good, indicating the degree of substitutability or complementarity between them.