For the aggregate supply curve, the profit effect:
A. Provides an incentive for producers to decrease output when prices rise.
B. Dominates in the long run and causes the curve to be upward-sloping.
C. Along with the cost effect causes the curve to be downward-sloping in the long run.
D. Is temporary in the short run, while in the long run it is canceled out because the cost effect dominates.
+5
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “For the aggregate supply curve, the profit effect: A. Provides an incentive for producers to decrease output when prices rise. B. Dominates ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » For the aggregate supply curve, the profit effect: A. Provides an incentive for producers to decrease output when prices rise. B. Dominates in the long run and causes the curve to be upward-sloping. C.