An Increase in Aggregate Demand If Aggregate Supply Is Totally

question 13

Multiple Choice

An increase in aggregate demand if aggregate supply is totally price elastic will:

• A) Increase price but not output
• B) Increase output but not price
• C) Increase output and price
• D) Decrease output and price

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Definitions:

Square Footage

A measurement of area expressed in square feet, commonly used to specify the size of buildings or rooms.

Rent Expenses

Regular payments made for the use of property or equipment owned by another entity.

Square Feet

A unit of area measurement equal to a square measuring one foot on each side.

Maintenance Cost

Maintenance Cost involves expenses incurred to keep assets, equipment, or property in optimal condition and operating efficiently, including repairs and preventive care.