Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

Consider the two statements below. 1 Increasing the price of rice is the most effective way to raise the living standards of farmers in South-East Asia. 2 If the price of rice rises, demand will decrease. Which row shows the correct description of these two statements?

  • Anormative / normative
  • Bnormative / positive
  • Cpositive / normative
  • Dpositive / positive

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