Consider the Following Statements

question 6

Multiple Choice

Consider the following statements:
a. Consumers buy more MP3 players from an electronics store that sells MP3 players at a lower price than other rival electronics stores in the area.
b. Schools take steps to increase security since they believe it is more costly to allow vandalism than to hire additional security guards.
c. Citrus growers produce more oranges when the selling price of oranges falls.
The statement above that demonstrates that economic agents respond to incentives is:

• A)a only
• B)b only
• C)a and b
• D)a, b, and c

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Definitions:

Proposition

A declaration that presents a judgment or opinion perspective.

Standard Form

A recognized or widely accepted example of a structure, presentation, or formula used in particular contexts, like arguments or equations.

Standard Form

A prescribed format or structure for presenting an argument or mathematical equation, ensuring clarity and uniformity.

Proposition

A statement that expresses a judgment or opinion.