25
QuizMultiple Choice

Elasticity and Incentives — Quiz

Question 25 • Personal Finance and Economics

In the market, actions known as incentives affect

Answer
A
consumers only.
B
consumers or producers.
C
producers only.
D
neither consumers nor producers.

Explanation

Incentives are rewards or costs that influence people’s choices. In a market, they can change what consumers decide to buy and what producers decide to make or sell. Therefore, incentives affect consumers or producers.

AI-written and checked against the verified answer.

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