Multiple Choice
Which of the following is a normative statement?
A) A decrease in price leads to an increase in quantity consumed.
B) Incomes grow more rapidly in high-tax states than low-tax states.
C) People would be better off if government expenditures were higher.
D) People will buy less butter at $1.50 per pound than they will at $1 per pound.
Correct Answer:

Verified
Correct Answer:
Verified
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