Answered

Westonci.ca connects you with experts who provide insightful answers to your questions. Join us today and start learning! Explore in-depth answers to your questions from a knowledgeable community of experts across different fields. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Which statement best explains how elasticity and incentives work together?.

Sagot :

marvineetesh3

The statement that best explains the elasticity and incentives work together is that an elastic good, such as a game, is more likely to respond to incentives.

What is elasticity?

Elasticity is the term that is used in economics. It calculates the percentage change of one economy shifting in response to a percentage change in another.

It is a broad estimate of the sensitivity of an economic variable in reply to a change in another economic variable.

It is defined as an elastic good, like a game, is additionally possible to react to motivations or incentives.

Therefore, an elastic good, such as a game, is more likely to respond to incentives is the correct statement.

Learn more about the elasticity, refer to:

https://brainly.com/question/25706924

Thanks for using our platform. We aim to provide accurate and up-to-date answers to all your queries. Come back soon. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. Get the answers you need at Westonci.ca. Stay informed with our latest expert advice.