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Aggregate Supply - Explaining Short Run Aggregate Supply I A Level and IB Economics
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Күн бұрынThe short run aggregate supply curve is explained in this short revision video.
#aqaeconomics #ibeconomics #edexceleconomics
@valzie9558 3 жыл бұрын
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@sadia196 3 жыл бұрын
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@hs_hs5632 3 жыл бұрын
How does an increase in Price Level stimulate extension in supply due to profit motive: if Price Level rises, then firms' costs rise as well, so they won't make any more profit?
@kmg55 Жыл бұрын
Did u find an answer for this
@7Starz77 Жыл бұрын
In order to make profit, firms will supply more in the short run but in the long run it will cause a shift to the left of the AS curve due to an increase in cost of production in the long run
Mike Moore (GWU econ professor)
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Khan Academy
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