Bond' Gym is facing the issue of excess demand and the creation of negative incentive can be used in solving this issue.
- Negative incentive refers to the incentive that makes people worse off. An example is when a fine is paid for misuse of gym equipment.
- When this occurs, this will help in the reduction of demand in the gym unlike a positive incentive which will being about more people coming to the gym.
In conclusion, negative incentives will help solve the issue of excess demand.
Read related link on:
https://brainly.com/question/13353901
