Multiple Choice
The short-run SAS curve is positively sloped because as
A) AD increases,mark-ups are increased,indicating variable mark-up pricing.
B) SAS increases,mark-ups are increased,indicating variable mark-up pricing.
C) AD increases,raw materials prices set by auction tend to rise.
D) A and C are both correct.
Correct Answer:
Verified
Correct Answer:
Verified
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