The statement "An increase in the price of petrol will lead to a decrease in the amount purchased" is

Name: The statement "An increase in the price of petrol will lead to a decrease in the amount purchased" is
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is a positive statement because it describes a relationship between two variables (price of petrol and amount purchased) without making a judgment about whether this relationship is good or bad. Positive statements are based on factual claims about how the world works.

The Statement "An Increase in the Price of Petrol Will