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"An increase in the price of gasoline will increase the demand for hybrid vehicles." This statement is an example of a positive economic statement. True False
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"An increase in the price of gasoline will increase the demand for hybrid vehicles." This statement is an example of a positive economic statement. True False

User Rebecca Campbell
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1 Answer

1 vote

Answer:

True

Step-by-step explanation:

This is because the statement above fits the definition of a positive economic statement. A Positive economic statement refers to objective statements that can be verified, tested , amended or discarded by consulting available evidence .The statement above can be tested objectively to establish its veracity.

User Ken Downs
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