If a $1 Increase in Price Leads to a 3-Unit

question 13

True/False

If a $1 increase in price leads to a 3-unit decrease in quantity demanded, then demand must be elastic.

---

Definitions:

Registered Nurse

A healthcare professional who has completed the necessary education and licensure requirements to provide patient care.

Unlicensed Nursing Assistants

Individuals who assist in providing basic patient care under the supervision of licensed nursing staff, without holding a nursing license.

Subcutaneous Injection

A method of administering medication into the fatty layer of tissue just beneath the skin.

Insulin

A hormone produced by the pancreas that allows your body to use sugar (glucose) from carbohydrates in the food for energy or to store glucose for future use.