One major difference between the aggregate supply curve and an individual supply curve isthe aggregate supply curve represents:
A) production in the economy as a whole rather than just one good or service.
B) production in an entire market rather than just one firm.
C) goods and services sold rather than the total actually produced by each firm.
D) goods and services produced and actually sold by each firm.

Question

Quizplus · Accepted Answer

The aggregate supply curve represents production in the economy as a whole, whereas an individual supply curve represents the production of a single producer or firm for a specific good or service.

One Major Difference Between the Aggregate Supply Curve and an Individual