Incentives
Rewards that encourage behaviors that benefit people, include an example.
What is Positives incentives
Ex: getting candy for getting first
The definition of demand is?
What is the willingness and ability to consume a good or service at various prices
% change in quantity demanded/% change in price
what is the elasticity formula
Large # of buyers and sellers
Is this perfect
Zachary Taylor
Who was the 12th President of the United states
Penalties that are intended to discourage someone from doing something, include an example.
What is Negative Incentives
Ex: tax on tobacco products
The definition of supply is
The amount of a good or a service that is available to be purchased at a given time
the sensitivity consumers have in terms of quality demanded when price increases or decreases
What is Elasticity of demand
factors that make it difficult for new firms to enter a market
what are Barriers of entry?
Well over 100
How many types of Oreo flavors are there
These are some Economic incentives (have to name 2 to get this question correct) (can be positive or negative)
Paycheck, tax return, higher tax rates, reward programs
the point where both supply and demand meet on a graph
What is the equalibriam
Flatter curve=inelastic demand
Steeper curve=elastic demand
(true or false)
Is this false
monopolies /oligopolies
(imperfect/Perfect)
Is this imperfect
Notre Dame
Who should have been in the 2025/2026 College Football Playoffs instead of Bama who got destroyed by IU