Question

Which of the following is most clearly consistent with the basic principle of economics regarding the reaction of people to a change in incentives. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a) Nike will produce fewer shoes in response to an increase in the price of shoes. b) People will buy more bread at a price of $4 per loaf than at $3 per loaf. c) People will buy less milk if the price of milk increases by $.50 per gallon. d) People will consume more chicken if the price increases from $1 to $2 per pound.

Answer 1

a

Step-by-step explanation:

its because people wont be able to afford hence reduced production of shoes