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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

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