Social Studies, 19.03.2020 04:53 LulPink
What aggregate supply and aggregate demand, explain in your own words.
Answers: 2
, the total amount of the good that is offered to be sold at that price is 
. If price changes to 
, this amount changes to 
, and so. Then, for every posible price, there is a specific total amount of the good that will be offered at that price by producers. This relationship, between different prices and the amount of the good is offered at each price, is aggregate supply.It is expected that, the higher the price, the more quantities of goods are offered (if producers are offered a higher price is more attractive to offer goods).
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What aggregate supply and aggregate demand, explain in your own words....
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