Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The following table shows the aggregate supply and demand data for a country. If
input prices decrease and AS shifts to the right by 3,000 units at each price level.
Aggregate
Price
Aggregate
Level Demand
Supply
200
10,000
4,000
300
9,000
6,000
400
8,000
8,000
500
7,000
8,500
600
6,000
9,000
700
5,000
9,500
800
4,000
10,000
What will the new price equal?
300
400
600
800
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