An increase in the price of gasoline will cause a reduction in the amount purchased is an example of
A)a normative statement
B)an unprovable statement
C)a theorectical statement
D)a positive statement
E)an assumption

Question

Quizplus · Accepted Answer

The statement is a positive statement because it describes a cause-and-effect relationship between the price of gasoline and the quantity purchased, which can be tested and verified through observation and data analysis. It does not express any value judgment or opinion about what ought to happen.

An Increase in the Price of Gasoline Will Cause a Reduction