Suppose There Is a Drop in the Price of an Important

question 104

Multiple Choice

Suppose there is a drop in the price of an important factor input.What will be the effect on the aggregate supply curve?

• A)There will be movement to the left,along the AS curve.
• B)The AS curve will shift to the left.
• C)There will be movement to the right,along the AS curve.
• D)The AS curve will shift to the right.
• E)There will be no change in the AS curve.

---

Definitions:

Deviance

Behaviors or actions that breach the norms or values held by society.

Deviant Reality

The concept that deviation from societal norms and expectations is subjective and varies across different cultures and communities.

Phenomenologists

Scholars focusing on the lived experience and consciousness to explore the fundamental nature of reality, emphasizing the importance of personal perception in understanding phenomena.

Phenomenologists

Scholars or philosophers who study phenomenology, focusing on the conscious experience and the essence of phenomena.