Increase in price of a good will increase consumers' demand.This is a(n)
A)positive statement.
B)true statement.
C)inverse statement.
D)normative statement.

Question

Quizplus · Accepted Answer

The statement is a positive statement because it describes what happens in a situation without making a judgment about whether it is good or bad. Positive statements are based on factual assertions about the world.

Increase in Price of a Good Will Increase Consumers' Demand