Consider the Basic AD/AS Model

question 48

Multiple Choice

Consider the basic AD/AS model.If there is a decrease in the cost of non-labour inputs to production,the result will be to

• A)shift the AD curve to the left.
• B)shift the AD curve to the right.
• C)shift the AS curve to the left.
• D)shift the AS curve to the right.
• E)cause a movement to the left along the AS curve.

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Definitions:

Coastal Wetlands

Ecosystems located along coastlines where water and land meet, playing critical roles in flood protection, water purification, and providing habitat for diverse wildlife.

Mangrove Swamps

Coastal wetlands found in tropical and subtropical regions, characterized by salt-tolerant trees and dense vegetation adapted to waterlogged conditions.

Ecologically

Pertaining to the relationships between living organisms and their environments.

Marine Species

Organisms that inhabit ocean environments, including both plants and animals, ranging from microscopic plankton to large whales.