Harvey pays $8 to skate at the indoor ice rink once a month. The price rises to $10, and Harvey starts skating once every six weeks. This is an example of price functioning as

Name: Harvey pays $8 to skate at the indoor ice rink once a month. The price rises to $10, and Harvey starts skating once every six weeks. This is an example of price functioning as
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Question

Quizplus · Accepted Answer

The price increase serves as an incentive for Harvey to change his behavior, reducing the frequency of his skating sessions.

Harvey Pays $8 to Skate at the Indoor Ice Rink