Geitaalenazharittl Geitaalenazharittl
  • 31-05-2017
  • Business
contestada

According to the aggregate supply curve what happens as the price level increases

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mona1996
mona1996 mona1996
  • 01-06-2017
firms have more of an incentive to increase output
hope this helps :)
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reurisoneco
reurisoneco reurisoneco
  • 27-11-2019

Explanation:

The aggregate supply curve shows the positive relationship between prices and quantity supplied. Thus, rising prices will encourage producers to offer more goods, as rising prices will increase their profits. Therefore, rising price levels encourage producers to offer more products.

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