Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
elbthwtkns01 elbthwtkns01
wrote...
Posts: 436
Rep: 0 0
4 years ago
Recall the Application about the increase in purchases of hybrid vehicles to answer the following question(s).


According to the Application, one factor which was responsible for roughly one-fifth of hybrid vehicles purchased in 2007 was a federal subsidy of up to $3,400 per hybrid vehicle. The increase in sales due to this subsidy is an example of which element of the economic way of thinking?

▸ responding to incentives

▸ isolating variables

▸ thinking at the margin

▸ using assumptions to simplify
Textbook 
Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
Authors:
Read 92 times
2 Replies
Replies
Answer verified by a subject expert
Nikki_LYNNNikki_LYNN
wrote...
Posts: 390
4 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

elbthwtkns01 Author
wrote...
4 years ago
Thanks
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  954 People Browsing
Related Images
  
 55
  
 236
  
 94
Your Opinion
Do you believe in global warming?
Votes: 370