MCQOPTIONS
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| 1. |
An increase in aggregate demand will have most effect on prices if ? |
| A. | Aggregate supply is price inelastic |
| B. | Aggregate supply is price elastic |
| C. | Aggregate supply has a unitary price elasticity |
| D. | Aggregate demand is price inelastic |
| Answer» C. Aggregate supply has a unitary price elasticity | |