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Moving to another question will save this response Question 11 Price Price Price AS2 AS AS AS AS P. P2 b P P AD AD AD AD AD, 0 Q Q 0 Q Q 1 0 Q Q2 Quantity Quantity Quantity (A) (B) (C) Refer to the diagrams, in which AD , and AS , are the "before" curves and AD 2 and AS 2 are the "after" curves. Other things equal, inflation is absent in: panel (Al/only O' panel (B) only panel (C) only O panels (A) and (C)