The level of aggregate supply in the long run is not affected by
A) changes in technology. B) changes in the price level.
C) changes in the capital stock. D) changes in the number of workers.
B
Economics
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If the cross-price elasticity of demand between two goods is positive, we can assume that the two goods in question are:
A) complements. B) substitutes. C) inferior goods. D) totally unrelated to one another.
Economics
Give an example that shows how inefficiency relates to product differentiation for a monopolistically competitive industry.
What will be an ideal response?
Economics