In the Long Run Aggregate

question 112

Multiple Choice

In the long run aggregate:

• A) demand is fixed.
• B) supply is fixed.
• C) demand tends to shift to the right.
• D) supply tends to shift to the left.

---

Definitions:

Sales Volume

The total number of units sold within a specified period, often used to measure a company's activity level or performance.

Local Bakery

A bakery that operates within a community, offering freshly baked goods to local consumers.

Product Prestige

The perception of a product as being high in quality, status, and value, often associated with luxury brands or items that signify a higher social or economic standing.

Limited Availability

A situation or condition where a product, service, or resource is not readily accessible or is available in restricted quantities.