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

Question

Archy [21]

2 years ago

15

"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

Chemistry

1 answer:

-Dominant- [34] · Answer 1 · 2022-05-29T02:49:47+03:00

Answer:

True

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.