People respond to incentives in different ways,depending on whether they act as
A) Individuals or in a group
B) Consumers, employers or government officials
C) Consumers, government officials or owners of firms
D) Consumers, employers (Employees) or owners of firms

Question

Quizplus · Accepted Answer

Consumers, employers (employees), and owners of firms are the three key actors in the marketplace, and they all respond to incentives in different ways. Consumers are motivated by price, quality, convenience, and other factors that influence their purchase decisions. Employers (employees) are motivated by wages, benefits, and working conditions, among other factors. Owners of firms are motivated by profits, growth, and market share. Each group responds to incentives in different ways, and understanding these incentives is key to designing effective policies and strategies.

People Respond to Incentives in Different Ways,depending on Whether They