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Consider the following statements:
a. Car owners purchase more gasoline from a gas station that sells gasoline at a lower price than other rival gas stations in the area.
b. Banks do not take steps to increase security since they believe it is less costly to allow some bank robberies than to install expensive security monitoring equipment.
c. Firms produce more of a particular DVD when its selling price rises.
Which of the above statements demonstrates that economic agents respond to incentives?
EKG
An abbreviated term for electrocardiogram, a diagnostic tool that measures and records the electrical activity of the heart to detect heart conditions.
Hernia Repair
A surgical procedure to correct hernias, which are protrusions of organs through the wall that contains them.
Pneumonectomy
Surgical removal of one lobe or more, or even an entire lung, usually to treat lung disease or lung cancer.
Post-anaesthesia
The phase of recovery following the administration of anaesthesia, focusing on patient monitoring and care.
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