How do increased prices serve as an incentive for businesses?

Prices send signals and provide incentives to buyers and sellers. When supply or demand changes, market prices adjust, affecting incentives. Higher prices for a good or service provide incentives for buyers to purchase less of that good or service and for producers to make or sell more of it.

Explanation:

6.3%

explanation:

the acceptance rate for yale university is 6.3%. this means that only 6 percent of people who apply actually get accepted!