The distribution of income should be determined by the government is an example of a positive economic statement.
Indicate whether the statement is true or false
Question 2
Refer to Figure 3-5. In a free market such as that depicted above, a shortage is eliminated by
A) a price decrease, decreasing the supply and increasing the demand.
B) a price increase, increasing the quantity supplied and decreasing the quantity demanded.
C) a price increase, increasing the supply and decreasing the demand.
D) a price decrease, decreasing the quantity supplied and increasing the quantity demanded.
Nonverbal communications convey strong, powerful messages that may be negative or positive.
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