Which of the Follow Is Not a Property of the Aggregate

question 96

Multiple Choice

Which of the follow is not a property of the aggregate demand curve?

• A) It shows the relationship between the overall price level and the level of total demand.
• B) It shows the price level on the vertical axis and output on the horizontal axis.
• C) The aggregate demand curve slopes downward.
• D) It shows the relationship between the overall price level and level consumption.

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Definitions:

Demand

The total amount of a product or service that consumers are willing and able to purchase at various price levels at a given time.

Price Range

The spread between the highest and lowest prices of goods or services in the market.

Demand

It is the quantity of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.

Perfectly Elastic

Perfectly elastic refers to a situation where the quantity demanded or supplied of a good changes infinitely in response to any change in price, represented by a horizontal demand or supply curve.