Question

Which of the following is a normative economic​ statement?

A.
The increase in the price of beef is the result of supply disruptions and strong demand.
B.
When the price of beef​ rises, the demand for beef substitutes increase.
C.
When the average price of a new car​ increases, then the demand for used cars increases.
D.
Since the price of rent is too expensive for low income​ households, the government should impose price ceilings on rents.

Answer 1

Step-by-step explanation:

When the average price of a new car​ increases, then the demand for used cars increases.