The Main Difference Between an Individual Supply Curve and the Aggregate

question 12

Multiple Choice

The main difference between an individual supply curve and the aggregate supply curve is that

• A)an individual supply curve reflects the change in price of an individual commodity,while an aggregate supply curve shows the effects of changes in the price level for the entire economy.
• B)a relative price change occurs along an individual supply curve while prices do not change along an aggregate supply curve.
• C)input prices are held constant along an aggregate supply curve but not along an individual supply curve.
• D)individual supply curves are upward sloping while aggregate supply curves are not.

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