Consider the following statements: a. Consumers rent more kayaks from a vendor that rents kayaks at a lower price than other rival kayak vendors along Waikiki beach. b. Department stores take steps to increase security since they believe it is more costly to allow shoplifting than to install expensive security monitoring equipment. c. Farmers produce more cotton when its selling price falls. Which of the above statements demonstrates that economic agents respond to incentives?

Statement A and B

a. vendor that rents kayaks at a lower price than other rival kayak vendors along Waikiki beach.

b. Department stores take steps to increase security since they believe it is more costly to allow shoplifting than to install expensive security monitoring equipment

Explanation:

In economics, it is assumed that economic agents or people are rational, and so therefore, based on their knowledge of cost and benefits, they would make the best decisions that would help the maximize their goals and objectives. One of these common goals is making a choice that will cost less in the long run, and as a result of this, economic agents will respond to economic incentives.

Taking a look at the statements given in the above question, we can clearly tell, statement A and B demonstrate that economic agents respond to incentive.

you had 23.00$ because 28 - 5 = 23 then put it in dollar form

answer: a. the kind of population living in your neighbourhood.

the census explorer data tool by the us census bureau allows the user to zoom in on any neighbourhood within the united states and find the kind of people residing in that by race and age.  

the tool needs to needs to be used twice – once in order to find what type of people reside in a neighbourhood, and then to see the age groups of the people in the same neighbourhood.