rion for their prod cha in winch, based on an expected price level of 100 for the coming your Her my of the Arms sell their Goods through catalogs and face high costs of reprinting if they change prices. The actual price level tires out to be 90. Faced with high mere costs, The forms that rely on catalog sales choose not to adjust their prices. Sales from catalogs . and forms that rely on catalogs will upond by the quantity of output they supply. If enough firms face high costs of adjusting prices, the unexpected decrease in the price reel causei the quantity of output supplied to the natural level of output in the short nn