Which of the following represents a normative statement?
A) A decrease in price leads to an increase in quantity demanded.
B) The temperature outside is 90 degrees.
C) The study of economics is more important than the study of history.
D) People will buy less butter at $1.50 per pound then they will at $1.00 per pound.
E) As an economy develops, the nation's birth rate tends to fall.
Correct Answer:
Verified
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