a chance to make more money a special sale at a department store a coupon clipped from a newspaper
a sharp increase in production costs
. A sharp increase in production costs is an example of a negative incentive for producers .
What is an example of a negative incentive for producers?
A negative incentive for producers can be
high production costs
. A good or service that is elastic will respond more to incentives. Example: A sale on a game should increase demand. A good or service that is inelastic will respond less to incentives.
What is an example of a negative incentive?
Negative incentives make people worse off and are called “penalties.”
Losing TV time, not swimming, missing PE class
, and time out are negative incentives. These are things you do not want to happen.
Is an example of a positive incentive for consumers?
Example of positive incentives for consumers will be
a discount coupon or free sample of any product with the purchase of some other product
.
Which is an example of a positive incentive for consumers a sales tax imposed by a Statea steady rise in profits over a Yeara coupon clipped from a Newspaperan increase in price for a popular product?
Which is an example of a positive incentive for consumers a sales tax imposed by a state a steady rise in profits over a year a coupon clipped from a? The correct answer is
3, A Coupon clip from a newspaper.
Which is an example of a negative incentive for producers a chance to make more money?
For example, one may get a ticket for doing 70 in a 55 mile-per-hour zone, including not wearing a driving seatbelt. Producers may
face high production costs
if there is an insufficient incentive for them. Additionally, if they litter, they will be fined.
Which factors must a producer consider when deciding what good to supply?
the appeal of the good to family members the elasticity of a good being supplied competition within the market the ability to produce the good efficiently
the ability to produce a good of low quality.
What are the three types of incentives?
- Economic Incentives – Material gain/loss (doing what’s best for us)
- Social Incentives – Reputation gain/loss (being seen to do the right thing)
- Moral Incentives – Conscience gain/loss (doing/not doing the ‘right’ thing)
How can money be used as a negative incentive?
Negative incentives
leave you worse off financially by making you pay money
. These incentives cost you money. Fines, fees, and tickets can be negative economic incentives. They are called negative because they are things you don’t want to get.
What is the incentive for someone who saves money?
Banks offer an incentive for people to save money by paying people
extra money called interest
. Interest is added to a person’s savings account on a regular basis, usually once a month. … Banks encourage people to save money by offering interest on the money saved.
Which activity would a consumer most likely perform?
Which activity would a consumer most likely perform?
sufficient products to meet consumer wants
.
What happens when the price of a good increases?
An increase in the price of a good
will increase demand for its substitute
, while a decrease in the price of a good will decrease demand for its substitute. … An increase in the price of a good will decrease demand for its complement while a decrease in the price of a good will increase demand for its complement.
How do changing prices affect supply and demand quizlet?
How do changing prices affect supply and demand?
As price increases, both supply and demand increase
. As price decreases, both supply and demand decrease. As price increases, supply decreases, but demand increases.
What will most likely result from this price control?
What will most likely result from this price control?
The quantity demanded for bread will decrease
, and the quantity supplied will increase.
Which is an example of a positive incentive for?
Positive incentives are used
to give someone what they want
. These are “rewards” like a bonus, candy, or gold star. Negative incentives give people what they do not want. These often appear in the form of a “punishment” like a speeding ticket, time-out, or red card.
Which events could cause the change in supply?
Factors that can shift the supply curve for goods and services, causing a different quantity to be supplied at any given price, include
input prices, natural conditions, changes in technology, and government taxes, regulations, or subsidies
.
