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9 August, 04:53

The immediate-short-run aggregate supply curve represents circumstances where: A. both input and output prices are fixed. B. both input and output prices are flexible. C. input prices are fixed, but output prices are flexible. D. input prices are flexible, but output prices are fixed.

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  1. 9 August, 05:15
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    Option A

    Explanation:

    The correct answer is Option A.

    immediate-short-run last as long as both input and output prices are fixed.

    In economics, the supply curve is the representation of the relationship between the price of the product and the quantity of the product.

    The price of the product is represented on the vertical axis whereas on horizontal axis quantity is represented.
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