What Is Market Demand

question 168

Multiple Choice

What is market demand?

• A)The substitution of one product for another as a result of a change in their relative prices.
• B)The total demand for a product by all consumers.
• C)An increase or decrease in prices based on the quantity demanded of a product.
• D)The desire to purchase cheaper competing products rather than relatively more expensive products.

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Definitions:

HEDIS

The Healthcare Effectiveness Data and Information Set is a tool used by more than 90% of America's health plans to measure performance on important dimensions of care and service.

Managed Care Organization

A health insurance company that provides healthcare services to its members through a network of doctors, hospitals, and other healthcare providers.

Health Maintenance

Activities and practices aimed at promoting wellness and preventing disease, through regular check-ups and healthy lifestyle choices.

Voluntarily Enrolled

Choosing to participate in a program or study of one's own free will without coercion.