Question
If AD is very steep and AS shifts to the left, then __________. Group of answer choices A. prices rise a lot, and output falls
If AD is very steep and AS shifts to the left, then __________.
Group of answer choices
A. prices rise a lot, and output falls a little
B. prices rise a little, and output falls a lot
C. prices and output both rise a lot
D. prices and output both fall a little
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Microeconomics
Authors: David Besanko, Ronald Braeutigam
5th edition
1118572270, 978-1118799062, 1118799062, 978-1118572276
