Advantages of Point-Of-Care Testing (POCT) Include All of the Following

question 4

Multiple Choice

Advantages of point-of-care testing (POCT) include all of the following except:

• A) faster turnaround time of test results.
• B) providing faster patient treatment.
• C) limiting the amount of blood needed for testing.
• D) providing a wider variety of laboratory tests.

---

Definitions:

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Demand Curve

A diagram that illustrates the connection between a product's cost and the amount of it consumers want to buy at various prices.

Substitution Effect

The change in the consumption pattern of goods or services due to a change in their relative prices, causing consumers to replace more expensive items with cheaper alternatives.

Income Effect

The change in the quantity demanded of a good resulting from a change in consumer income, holding prices constant.