Multiple Choice
The main difference between an individual supply curve and the aggregate supply curve is that
A) an individual supply curve reflects the change in price of an individual commodity,while an aggregate supply curve shows the effects of changes in the price level for the entire economy.
B) a relative price change occurs along an individual supply curve while prices do not change along an aggregate supply curve.
C) input prices are held constant along an aggregate supply curve but not along an individual supply curve.
D) individual supply curves are upward sloping while aggregate supply curves are not.
Correct Answer:
Verified
Correct Answer:
Verified
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