Question

In general how do people, businesses, and governments respond to incentives?Immersive Reader (4 Points) predictably negatively irrationally identically

Answer 1

Answer:

predictably

Explanation:

In general people tend to respond to incentives in very predictable ways. This is covered by the incentives-matter principle which states just that. This principle believes when something gets more expensive, people buy less of it. When it gets less expensive, people buy more of it, thus following the demand curve and making it very easy to predict what people will do with a specific incentive.