Q. 13.5( 4 Votes )

State one example

Answer :

If the government imposes a tax on the good, the price of the good will rise.

Positive economics is the branch of economics that deals with how the economic problems facing the society are actually solved. It analyses the scientific methods of working of an economy and how different economic system functions. It studies what is, what was or what will be. It can be tested with respect to logical and empirical evidence.

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