When the Demand Is ________,An Increase in Price Will Decrease

question 26

Multiple Choice

When the demand is ________,an increase in price will decrease the total revenue.

• A) Elastic
• B) Inelastic
• C) Contracted
• D) Expanded

Grasp the importance of accurate CPT coding and the implications of overcoding and undercoding.

Recognize the process and significance of code linkage and claim analysis within medical billing.

Gain knowledge about the update schedule and purpose of CPT and HCPCS systems.

Identify key components and tools within the CPT manual for effective code verification and utilization.

---

Definitions:

Insensitivity To Change

The failure to notice changes in one's environment or within a specific context, often because of gradual or subtle changes.

Evaluative Conditioning

A stimulus will become more liked or less liked when it is consistently paired with stimuli that are either positive or negative.

Spreading Attitude Effect

A liked or disliked person (or attitude object) may affect not only the evaluation of a second person directly associated but also others merely associated with the second person.

Automatic Activation

According to Fazio, attitudes that have a strong evaluative link to situational cues are more likely to automatically come to mind from memory.