There are several different ways that Bond's Gym can solve its problem.

Write a paragraph explaining how incentives can be used to solve the problem at Bond's Gym

The best way to solve "Bond's Gym" problem is to use "negative incentives." For example, raising the price of monthly membership fee. This will allow the gym to have more money, since it has plenty of members. This will also lower the number of members gradually because not everyone can afford a more expensive membership. The excess in demand will then be lowered.

Explanation:

The situation above is related to "Bond's Gym," which is a gym that is popular for offering low memberships fees to customers. They have an increasing number of applicants because, besides having low fees, they also have great customer service.

The only way for Bond's gym to solve the problem is through "negative incentives." This will allow the gym members to reset their thinking.

So, this explains the answer.

The main problem at Bond's Gym is excess demand. This means that negative incentives are the best way to go. These types of incentives could be used because positive incentives would simply increase demand further. However, negative incentives would create a positive result for the owner, as he could make more money to use to expand his gym. This would allow him to better meet customer demand.