All of the following are assumed to be constant when the supply curve for a product is drawn, except the:
A. Price of the product
B. State of technology
C. Number of producers
D. Price of inputs used to make the product
Answer: A
Economics
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With railroads, considerable regulatory energy was spent trying to solve the so-called ______________________.
Fill in the blank(s) with the appropriate word(s).
Economics
In the above figure, curve A is the ________ curve, curve B is the ________ curve, and curve C is the ________ curve
A) long-run aggregate supply; short-run aggregate supply; aggregate demand B) aggregate demand; short-run aggregate supply; long-run aggregate supply C) short-run aggregate supply; long-run aggregate supply; aggregate demand D) long-run aggregate supply; aggregate demand; short-run aggregate supply
Economics