111k views
4 votes
g A decline in the quantity of real output demanded along the aggregate demand curve is a result of a(n):

1 Answer

4 votes

Answer:

Increase in the price level.

Step-by-step explanation:

A decline in the quantity of real output demanded along the aggregate demand curve is a result of an increase in the price level.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

According to the law of demand which states that, there exist a negative relationship between the quantity of goods demanded and the price of a good. This simply means that, when the prices of goods and services in the market increases or rises: there would be a significant decline or fall in the demand for this goods and services.

User Zach Garner
by
7.8k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories