which statement best explains how elasticity and incentives work together?\nan elastic good, such as a game…

which statement best explains how elasticity and incentives work together?\nan elastic good, such as a game, is more likely to respond to incentives.\nan inelastic good, such as a game, is more likely to respond to incentives.\nan elastic good, such as a game, is less likely to respond to incentives.\nan inelastic good, such as a game, is less likely to respond to incentives.

which statement best explains how elasticity and incentives work together?\nan elastic good, such as a game, is more likely to respond to incentives.\nan inelastic good, such as a game, is more likely to respond to incentives.\nan elastic good, such as a game, is less likely to respond to incentives.\nan inelastic good, such as a game, is less likely to respond to incentives.

Answer

Brief Explanations:

Elastic goods have demand that is sensitive to price - changes and incentives. Incentives like price - cuts or promotions are more likely to affect the demand for elastic goods. Games are often elastic goods as consumers can easily forgo or delay purchase. Inelastic goods have demand that is less affected by price and incentives.

Answer:

An elastic good, such as a game, is more likely to respond to incentives.