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Concept Version 10
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Individuals Respond to Incentives

Sales are Incentives

Sales are Incentives

Sales are incentives for consumers to buy, because firms know consumers generally respond to lower prices by purchasing more.

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    Boundless vets and curates high-quality, openly licensed content from around the Internet. This particular resource used the following sources:

    "Sale sign."
    http://commons.wikimedia.org/wiki/File:Sale_sign.jpg Wikimedia CC BY-SA.

Related Terms

  • Incentive Structure
  • incentive
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