The Short-Run SAS Curve Is Positively Sloped Because as

question 15

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.

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Definitions:

Circumstantial

Depending on specific conditions or circumstances rather than being absolute or inherent; context-dependent.

Network

A structured arrangement of nodes (which can be individuals, organizations, or computers) connected by links which facilitate the exchange of information or resources.

Social Group

A group of people who communicate with each other, possess common traits, and together feel a sense of belonging or identity.

Negotiating

The process of discussing something with someone in order to reach an agreement or compromise.