"Lower ticket prices would lead to more people attending ballgames." This statement is a
A) statement assessing the social interest versus the private interest.
B) normative statement.
C) positive statement.
D) macroeconomic statement.
E) statement that confuses marginal cost and sunk cost.

Question

Quizplus · Accepted Answer

The statement is a positive statement as it describes a cause-and-effect relationship. It states that if ticket prices are lowered, then it will lead to more people attending ballgames.

"Lower Ticket Prices Would Lead to More People Attending Ballgames