Question: Total revenue rises when the quantity sold increases and prices remain constant is an example of which of the following? Group of answer choices negative
"Total revenue rises when the quantity sold increases and prices remain constant" is an example of which of the following?
Group of answer choices
negative economic statement
positive economic statement
statement that contradicts one of the basic principles of economics
normative economic statement
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
