The above figure shows a graph of the market for pizzas in a large town. At a price of $7, there will be

Why are the long-run effects of an increase in aggregate demand on price and output different from the short-run effects?

What will be an ideal response?

A firm that exists as a separate legal being is

a. a sole proprietorship b. a corporation c. a partnership d. likely to be a small, family-run business e. still dependent on its owners in many ways