Examlex
A change in which of the following parameters shifts the AD curve ?
Factor's Price
Refers to the price of inputs used in the production of goods or services, such as labor, raw materials, and capital.
Total Cost
The complete expenditure incurred by a firm in the production of goods or services, including both fixed and variable costs.
Product Demand
The desire and willingness of consumers to purchase a specific quantity of a good or service at a given price.
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