"Lower ticket prices would lead to more people attending ballgames." This statement is a
A) ceteris paribus assertion.
B) normative statement.
C) positive statement.
D) macroeconomic statement.
E) statement that confuses marginal cost and sunk cost.

Question

Quizplus · Accepted Answer

This is a positive statement as it is based on cause and effect relationships and can be tested through empirical observations. It suggests that there is a direct relationship between ticket prices and the number of people attending ballgames.

"Lower Ticket Prices Would Lead to More People Attending Ballgames