A nurse is using the principles of supply and demand in daily practice. Which situation describes this phenomenon?
A) The demand for nurses in public health is low, but the supply is high.
B) When few goods or services are available, the price tends to rise.
C) When supplies are low, nurses must find alternate resources.
D) Lesser-developed countries receive supplies from other countries.

Question

Quizplus · Accepted Answer

B) This choice directly describes the economic principle of supply and demand, where the availability of goods or services (supply) and the desire for them (demand) influence the price.

A Nurse Is Using the Principles of Supply and Demand