2
QuizMultiple Choice

Elasticity and Incentives

Question 2 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

In the market, actions known as incentives affect

Answer
p
producers only.
c
consumers only.
c
consumers or producers.
n
neither consumers nor producers.

Explanation

Incentives are rewards or penalties that influence people's choices. In a market, they can affect consumers' decisions about what to buy and producers' decisions about what to make, so the correct choice is consumers or producers.

AI-written and checked against the verified answer.

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