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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?
Hidden Curricula
The unwritten, unofficial, and often unintended lessons, values, and perspectives that students learn in school.
Culturally Responsive
An approach in education and other fields that recognizes and honors the cultural backgrounds and practices of individuals, aiming to make services and content relevant and accessible.
Bilingual Volunteers
Individuals who offer their time and skills for free and are fluent in two languages, aiding in communication and support in diverse settings.
American Nickname
An informal, sometimes affectionate or humorous name given to someone or something from the United States, distinguishing them from others.
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