I don’t get it umm maybe try explaining it more
If this is a multiple choice question and if i get it wrong, im sorry.
I'd guess benifit? lol
Year . I believe this is the answer .
Answer:
The correct answer is the option D: is equally price inelastic in both the short run an long run as there are not many substitutes for crude oil.
Explanation:
To begin with, the concept called <em>''price elasticity of demand''</em> in the field of economic, refers to the variation that happens in the quantity demanded of a product when its price changes. Moreover, this theory establishes that goods could be either price elastic or price inelastic. In addition to that, the products that are price elastic are the ones whose quantity demanded changes when a variation in its price occur, meanwhile <u>the products that are price inelastic are those whose quantity demanded do not changes when a variation in its price happen</u>.
In conclusion, the demand for crude oil is equally price inelastic in both the short and long run as there are not many substitutes for crude oil and <u>therefore the people will still continue to consume it no matter how many changes in its price will happen, due to its uniqueness.</u>
The national committee for Quality Assurance is a private, not-for-profit organization that assesses the quality of managed care plans.
<h3>What is the role of the national committee for Quality Assurance</h3>
The functions that this committee serves in the United States are:
- They help to improve the quality of health care in the country.
- They help to provide evidence based standards in the nation.
- They also help with quality assurance and performance checks.
- They measure health programs and also help in their accreditation.
Read more on health care here: brainly.com/question/4784548
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