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Which one of the following is an example of normative analysis? a. A survey finds that consumers pay little attention to price when deciding which brand of chewing gum to purchase. b. Microeconomic

Which one of the following is an example of normative analysis?

a. A survey finds that consumers pay little attention to price when deciding which brand of chewing gum to purchase.

b. Microeconomic theory predicts that firms will invest less in equipment when interest rates increase.

c. When consumers. incomes increase, they normally buy more of a given product.

d. A firm determines the best price to charge for its product.

Apr 13 2021 View more View Less

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