"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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asked Sep 27, 2021 141k views

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Ken Downs · Answer 1 · 2021-10-02T22:34:35+0000

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.

"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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