Determine if the items represent an example of positive economics or normative economics. The richest 1% of Americans should pay more taxes than the rest of the 99%. A. positive economics A decrease in the supply of coconut will increase the price of German chocolate cake, a good which requires coconut shavings as a key ingredient. B. nomative economics As minimum wage increases, the prices of all goods and services also tends to increase. Social weifare spending in Sweden occupies too large a portion of the national budgot