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.
A
Economics
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Most business people calculate marginal cost and marginal revenue to decide how much to produce
a. True b. False Indicate whether the statement is true or false
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National saving
a. is the total income in the economy that remains after paying for consumption. b. is the total income in the economy that remains after paying for consumption and government purchases. c. is always greater than investment for a closed economy. d. is equal to private saving minus public saving.
Economics