Ceteris Paribus,the Price Level Will Decrease If the Aggregate

question 26

Multiple Choice

Ceteris paribus,the price level will decrease if the aggregate

• A)Supply curve shifts to the left.
• B)Demand curve shifts to the left.
• C)Demand curve shifts to the right.
• D)Supply and demand curves both shift to the right.

Comprehend how market mechanisms (increase or decrease in the number of firms) affect supply.

Recognize the reasons behind the upward slope of the supply curve.

Examine the influence of external events on market equilibrium (disease discoveries, technological breakthroughs).

Understand the factors that lead to shifts in supply curves.

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Definitions:

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