The aggregate supply curve is positively sloped because as the price level increases:
A. Profit margins increase in the short run.
B. Costs of production decline in the short run.
C. The purchasing power of money increases.
D. The cost of borrowing declines.
A. Profit margins increase in the short run.
Economics
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Other things being equal, the relationship between price and quantity supplied is
A) negative. B) constant. C) positive. D) non-existent.
Economics
Perfect competition is a market structure in which there is:
a. a contest among firms to provide good service after the sale. b. competition in product quality. c. rivalry in product design. d. none of these.
Economics