QUESTION 7In economics, positive statements are about.O A. the way things ought to be.O B. the way things are.OC. macroeconomics, not microeconomics.O D. microeconomics, not macroeconomics.QUESTION 8when supply increases, equilibrium price.... and equilibrium quantity......O A. increases, increases.O B. decreases, decreasesO C increases, decreasesO D. decreases, increases

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Answered: QUESTION 7 In economics, positive…

QUESTION 7 In economics, positive statements are about.. O A. the way things ought to be. O B. the way things are. OC. macroeconomics, not microeconomics. O D. microeconomics, not macroeconomics.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter6: Consumer Choices

Section: Chapter Questions

Problem 17P: If a 10 decrease in the price of one product that you buy causes an 8 increase in quantity demanded...

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