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An organization is planning to implement the National Council of the State Boards of Nursing's (NCSBN) transition to nursing practice model. What is a guiding principle of this model?
Demand
The total quantity of goods or services that consumers are willing and able to purchase at various prices during a specific time period.
Elastic
Describes a situation where the demand for a good or service significantly changes in response to changes in price.
Elasticities
Measures of how much the quantity demanded or supplied of a good responds to changes in price, income, or other factors.
Elasticity
A measure of how much the quantity demanded or supplied of a good changes in response to a change in price.
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