According to the Law of Demand, If the Price of Compact

question 46

Multiple Choice

According to the law of demand, if the price of compact disks decreased, ceteris paribus, the

• A)demand for compact disks would decrease.
• B)quantity demanded of compact disks would decrease.
• C)demand for compact disks would increase.
• D)quantity demanded of compact disks would not change.
• E)quantity demanded of compact disks would increase.

---

Definitions:

Judgment

The ability to make considered decisions or form sensible opinions, especially by weighing evidence and assessing the implications of choices.

Five Rights Medication Verification System

A guideline aiming to ensure patient safety by verifying the right patient, drug, dose, route, and time when administering medication.

Medication Errors

Mistakes in prescribing, dispensing, or administering medication, often leading to harmful effects on the patient.

Evidence-Based Management

The practice of making managerial decisions based on the best available evidence from multiple sources.