Business, 21.04.2020 00:42 andrewbao999

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.

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For the aggregate supply curve, the profit effect:

A. Provides an incentive for producer...

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