If the Price of Chicken Falls, Then in the Market

question 428

Multiple Choice

If the price of chicken falls, then in the market for beef

• A) the demand curve for beef shifts rightward.
• B) the demand curve for beef shifts leftward.
• C) there is a movement downward along the demand curve for beef.
• D) there is a movement upward along the demand curve for beef.

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Definitions:

Relative Value

A measure of the worth of something in comparison to the price, quantity, or value of another item or measure.

Prepayment

The act of paying for goods, services, or expenses in advance before receiving or using them.

Capitation

A payment structure in which a health maintenance organization pre-pays an annual set fee per patient to a physician.

Managed Care

A health care delivery system designed to manage cost, utilization, and quality, where care is delivered under established guidelines and oversight by a managing organization.