True/False
'An increase in the price of petrol will increase the demand for hybrid vehicles.' This statement is an example of a positive economic statement.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q25: Which of the following is not part
Q27: Which of the following are 'positive economic
Q28: Figure 1.1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3087/.jpg" alt="Figure 1.1
Q29: Automobile manufacturers produce a range of automobiles
Q34: The Coffee Korner, a small cafe near
Q92: Which of the following statements is false?<br>A)An
Q111: What is an economic variable?
Q166: "The distribution of income should be left
Q228: Define productive efficiency.Does productive efficiency imply allocative
Q323: Which of the following statements is true