Question

Aggregate supply (AS) denotes the relationship between the __________________ that firms choose to produce and sell and the _________________, holding the price of inputs fixed. Group of answer choices price of goods; number of employees total inputs; types of goods total quantity; price level for output type of goods; input price of raw materials

Answer 1

Step-by-step explanation:

Aggregate supply (AS) denotes the relationship between the __types of goods and total quantity________________ that firms choose to produce and sell and the __price level for output type of goods______________, holding the price of inputs fixed. There is positive relation between amount of supply of goods and services and price of output in the market. If price increases , supply also increases.