Answer: C. Increase
Explanation:
An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated. Although only a few firms dominate, it is possible that many small firms may also operate in the market.
Where few firms dominate the equilibrium price will increase because the demand will be high, and this will make the equilibrium price increase.
I think it's labor, but that's an educated guess
Answer:
A) $48,000
Explanation:
Then:
Assuming there is no tax rate
48,000 would be the net income
The answer will be true. I hope it is right
If a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be (D) horizontal.
<h3>
What is aggregate demand?</h3>
- Aggregate demand, also known as domestic final demand in macroeconomics, is the total demand for final goods and services in an economy at any given time.
- It is frequently referred to as effective demand, albeit this phrase is distinguished at times.
- This is a country's demand for its gross domestic output.
- Aggregate demand is estimated by combining consumer expenditure, government and business investment spending, and net imports and exports.
- If a change in aggregate demand has no effect on real GDP, then the short-run aggregate supply (SRAS) curve must be horizontal.
Therefore, if a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be (D) horizontal.
Know more about aggregate demand here:
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Complete question:
If a shift in aggregate demand only affects real Gross Domestic Product (GDP), then the short-run aggregate supply (SRAS) curve must be
(A) Vertical
(B) Upward sloping
(C) Downward sloping
(D) Horizontal