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jmoney5 jmoney5
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4 years 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.
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Microeconomics: Principles, Applications, and Tools

Microeconomics: Principles, Applications, and Tools


Edition: 8th
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jrhome1985!jrhome1985!
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4 years ago
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