a reward or punishment that encourages people to behave in a certain way is called a(n)\n○ want.\n○ price…

a reward or punishment that encourages people to behave in a certain way is called a(n)\n○ want.\n○ price ceiling.\n○ equilibrium price.\n○ incentive.

a reward or punishment that encourages people to behave in a certain way is called a(n)\n○ want.\n○ price ceiling.\n○ equilibrium price.\n○ incentive.

Answer

Answer:

D. incentive

Brief Explanations:

In economics and social - science concepts, an incentive is a reward or punishment that motivates a particular behavior. A want is a desire for a good or service. A price ceiling is a legal maximum price. An equilibrium price is the price at which quantity demanded equals quantity supplied.