"Other things equal, an increase in supply causes a decrease in price" is a normative statement, not a positive statement.

Name: "Other things equal, an increase in supply causes a decrease in price" is a normative statement, not a positive statement.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This statement is a positive statement because it describes a relationship between supply and price that can be tested and validated through observation or data, without making a judgment about whether the outcome is desirable.

"Other Things Equal, an Increase in Supply Causes a Decrease