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Consider the following statements:a. Consumers rent more DVDs from a video store that rents DVDs at

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Consider the following statements:a. Consumers rent more DVDs from a video store that rents DVDs at

Consider the following statements:
a.    Consumers rent more DVDs from a video store that rents DVDs at a lower price than other rival video stores in the area.
b.    Department stores take steps to increase security since they believe it is more costly to allow shoplifting than to install expensive security monitoring equipment.
c.    Farmers produce more cotton when its selling price falls.

Which of the above statements demonstrates that economic agents respond to incentives?
A) a only.
B) b only.
C) c only.
D) a and b.
E) a, b, and c.

Textbook

Essentials of Economics

Edition: 4^th

Authors: Hubbard, O'Brien

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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face

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Chimelo46

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8 years ago

It was nothing, thanks for updating us.

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