Adult System of Care. The Adult System of Care provides outpatient treatment for adults from the age of 18 years with serious and persistent mental illness and/or substance use disorders. Services are provided at various locations throughout Stanislaus County and are referred to as Regional Teams.
Explain what is meant by interest elasticity. Interest elasticity of supply represents a change in the quantity of loanable funds supplied in response to a change in interest rates. Interest elasticity of demand represents a change in the quantity of loanable funds demanded in response to a change in interest rates.
Elasticity is the strength of the relationship between price levels and consumer demand. A product is highly elastic if consumer demand varies considerably with price. For these products, an increase in price is likely to cause a substantial downward change in the quantity of demand. The prices of inelastic products, by contrast, do not vary considerably with price. For inelastic products, either increases or decreases in price are unlikely to change the quantity of consumer demand.