Question

A serve, sustained increase in oil prices would most likely cause short-run and long-run aggregate supply curves and the production possibilities curve to change in which of the following ways?
SRAS LRAS Pro. Poss
A. Decrease No change Shift outward
B. Decrease Decrease Shift outward
C. Decrease Decrease Shift inward
D. Increase No change No change
E. Increase Increase Shift inward

Answer 1

Which of the following would most likely alter as oil prices continued to rise: the production possibilities curve, the short- and long-term aggregate supply curves Decrease Decrease Move inward

Which supply curve kinds are there?

In the meantime, there are two kind of supply curves: market supply curves and individual supply curves. The market supply schedule is represented by market supply curves, while individual supply supply curves depict the individual supply schedule.

What is the formula for the supply curve?

Using a straightforward equation, a continuous supply curve may be drawn. P. = a + bS shows the supply curve's origin just on Y-axis intercept using the formula a =. b represents the supply curve's slope.

To know more about supply curve  visit:

https://brainly.com/question/1915798

#SPJ1