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A movement along the short-run AS curve occurs,holding everything else constant,when there is a:
School-age Population
The group within a population that falls within the mandatory schooling age range, typically considered as children and adolescents.
Price Floor
A legally established minimum price for a good, or service. Normally set at a price above the equilibrium price.
Legal Price
The price set by law or regulation, often minimum or maximum limits on what can be charged for goods or services.
Equilibrium Price
The price at which the quantity of a good or service demanded equals the quantity supplied, resulting in market stability.
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Q308: (Figure: AD-AS Model II)Refer to Figure: AD-AS