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Which of the following correctly describes NIMS?

A. A communications plan.
B. A static system used during large-scale incidents.
C. A response plan.
D. A systematic approach to incident management.


D. A systematic approach to incident management.

The correct description of NIMS (National Incident Management System) is that it is a systematic approach to incident management. NIMS is a comprehensive framework that provides guidance and structures for coordinating and managing incidents, including both large-scale incidents and day-to-day operations. It outlines standardized procedures, protocols, and organizational structures to enhance the effectiveness and interoperability of response efforts across different agencies and jurisdictions. NIMS also emphasizes the importance of a flexible and scalable approach to incident management, allowing for adaptability to various types and sizes of incidents.

How do lower prices tend to affect demand?

Lower prices tend to have a positive effect on demand, leading to an increase in the quantity demanded. This relationship is described by the law of demand, which states that as the price of a good or service decreases, the quantity demanded tends to increase, assuming other factors remain constant.

There are a few reasons why lower prices stimulate demand:

Increased affordability: When prices decrease, products become more affordable for consumers. This affordability encourages individuals who were previously hesitant or unable to purchase the product to consider buying it. As a result, the quantity demanded typically rises.

Perceived value: Lower prices often create a perception of greater value for consumers. They may perceive that they are getting a good deal or that the product is more reasonably priced compared to competitors. This perception can drive an increase in demand as consumers feel they are receiving more for their money.

Substitution effect: Lower prices can also lead to a substitution effect, where consumers switch from more expensive goods or services to the relatively cheaper option. If the price of one product decreases, consumers may choose to substitute it for a similar product that was previously too expensive. This shift in purchasing decisions can drive up the demand for the lower-priced product.

It’s important to note that the relationship between price and demand is not always linear or universal. There are other factors that can influence demand, such as consumer preferences, income levels, availability of substitutes, and overall market conditions. However, in general, lower prices tend to have a positive impact on demand, leading to an increase in the quantity demanded.

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