Answer the Question on the Basis of the Following Information $\begin{array} { c c } \text { Input Quantity } & \text { Real Domestic Output } \\100 & 200 \\150 & 300 \\200 & 400\end{array}$

question 39

Multiple Choice

Answer the question on the basis of the following information about the relationship between input quantities and real domestic output in a hypothetical economy: $\begin{array} { c c } \text { Input Quantity } & \text { Real Domestic Output } \\100 & 200 \\150 & 300 \\200 & 400\end{array}$ Refer to the table.Suppose that the price of each input increased from $5 to $8.The per-unit cost of production in the economy would:

• A) rise by $1.50 and the aggregate supply curve would shift to the right.
• B) rise by 60 percent and the aggregate supply curve would shift to the left.
• C) rise by 60 percent and the aggregate demand curve would shift to the left.
• D) fall by $1.50 and the aggregate demand curve would shift to the right.