-In a market where quantity supplied exceeds quantity demanded, price tends to fall. -Demand for a commodity will increase if sales tax is reduced.  -American companies should not offshore manufacturing to foreign countries. -A 10% increase in price of a product may cause a more than 10% decline in sales.    which statements are positive and which ones are normative statement? Thanks!

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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-In a market where quantity supplied exceeds quantity demanded, price tends to fall.

-Demand for a commodity will increase if sales tax is reduced. 

-American companies should not offshore manufacturing to foreign countries.

-A 10% increase in price of a product may cause a more than 10% decline in sales. 

 

which statements are positive and which ones are normative statement?

Thanks!

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