Aggregate supply and demand are represented separately by their curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.
This is the demand curve. The reverse is true for graphing the supply curve: Suppliers provide a higher quantity for higher prices, and a lower quantity for lower prices. The point where the two ...
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How Do Regular and Aggregate Supply and Demand Differ?Aggregate supply and demand are represented separately by their curves. Aggregate supply is a response to increasing prices that drive firms to utilize more inputs to produce more output.
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