an example of a positive microeconomic statement is:

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07-09-2022
Business

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an example of a positive microeconomic statement is:

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ogorwyne ogorwyne · Answer 1 · 2022-09-13T10:18:30-04:00

An example of a positive microeconomic statement is: people tend to buy more chicken when the price of beef increases.

What is a microeconomic statement?

This is the statement that is used to check the behavior of the household and the firms in the economy and the way that they engage in demand and supply.

The increase in the price of beef would cause people to use less of beef for cooking. They would go for a cheaper alternative which is the chickens.

Hence we can say that an example of a positive microeconomic statement is: people tend to buy more chicken when the price of beef increases.

Read more on microeconomic here: https://brainly.com/question/8648375

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What is a microeconomic statement?

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