Figure 15-3

-Refer to Figure 15-3.Which of the points in the above graph are possible short-run equilibria?
A) A and B
B) A and C
C) A and D
D) A, B, C, and D

Name: Figure 15-3 -Refer to Figure 15-3.Which of the points in the above graph are possible short-run equilibria? A) A and B B) A and C C) A and D D) A, B, C, and D
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Question

Figure 15-3
 
-Refer to Figure 15-3.Which of the points in the above graph are possible short-run equilibria?
A) A and B 
B) A and C 
C) A and D 
D) A, B, C, and D

Quizplus · Accepted Answer

In the short run, equilibrium can occur at any point where the aggregate demand curve intersects the short-run aggregate supply curve, which could be at points A, B, C, and D.

Figure 15-3 -Refer to Figure 15-3.Which of the Points in the Above