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elbthwtkns01 elbthwtkns01
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5 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:
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Nikki_LYNNNikki_LYNN
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5 years ago
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elbthwtkns01 Author
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5 years ago
Thanks
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