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wrote...
Posts: 197
A month ago
If the cost of driving during specific times of the day increases, people will drive less during those times. This supports the basic economic notion that:

▸ marginal returns will diminish.

▸ people respond to incentives.

▸ people are irrational.

▸ supply equals demand.
Textbook 
Microeconomics: Principles, Applications, and Tools
Edition: 8th
Authors:
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wrote...
Posts: 226
A month ago
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people respond to incentives.
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