The Law of One Price

question 72

Multiple Choice

The law of one price

• A)states that consumers can only buy one good or service at a time.
• B)is a law passed by Congress that prohibits firms from selling a product at two different prices in the same market at the same time.
• C)states that consumers will pay any price for a product that has a perfectly inelastic demand curve.
• D)states that identical products should sell for the same price everywhere.

---

Definitions:

Walking Without Assistance

The ability of an individual to walk freely without the need for any support or aid.

Review of Systems

A systematic method for collecting comprehensive information on all body systems through questions during a medical history-taking.

Blood Pressure Apparatus

A device used to measure the pressure exerted by circulating blood on the walls of blood vessels.

Nursing Action

Any intervention or measure taken by a nurse to enhance patient care and improve health outcomes.