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Author Question: The statement An increase in the price of gasoline will lead to a decrease in the amount purchased ... (Read 162 times)

lracut11

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on: Jun 29, 2018
The statement An increase in the price of gasoline will lead to a decrease in the amount purchased is
 
  A) a political statement.
  B) a positive statement.
  C) a normative statement.
  D) a scientific statement.

Question 2

Reducing a tariff will ________ the domestic production of the good and ________ the total domestic consumption of the good.
 
  A) increase; increase
  B) increase; decrease
  C) decrease; increase
  D) decrease; decrease


jasonq

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

C


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lracut11

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Reply #2 on: Jun 29, 2018
Correct answers!


jasonq

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Reply #3 on: Jun 29, 2018
Great! Please up vote :D


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