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Free_Kalibri [48]
3 years ago
5

When economists study aggregate supply and aggregate demand, what are they studying?

Business
2 answers:
hoa [83]3 years ago
8 0

The studying of aggregate demand and aggregate supply they are studying for macroeconomics.


Macroeconomics is termed as branch of economics which deals with structure, performance, and decision-making of economy.


Macroeconomist develops models which explains the relationship which is between factors for example, output, national income consumption, investment, saving, international finance and international trade.


GenaCL600 [577]3 years ago
5 0
Answer: They are studying Macroeconomics.

Explanation: 
Macroeconomics is a branch of economy that deals with the study of demand and supply and overall economic activities happening around as a whole instead in parts. Thus, when economists are studying aggregate demand and supply, they are studying macroeconomics and not microeconomics.
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4 years ago
A bakery famous for its cupcakes opens its doors at 9 a.m. and allows each customer to purchase up to 2 cupcakes until the day's
algol [13]

Answer:

1) The cupcakes are being sold below their equilibrium price

3) The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes.

4) The bakery is not using price as the only means of allocating cupcakes to its customers.

.Explanation:

at equilibrium price, quantity demanded equals quantity supplied and there would be no excess demand as in the case of the bakery.

The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes because these consumers are willing to lineup for these cupcakes.

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