The statement: 'When buyers and sellers interact in the market, the equilibrium price is $50 per unit', is an example of normative economic analysis.

Question

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This statement is an example of positive economic analysis, as it describes a fact about the market rather than expressing a value judgment or opinion. Normative economic analysis would involve making a statement about what the "optimal" or "fair" price should be.

The Statement: 'When Buyers and Sellers Interact in the Market