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Case Study: Starting a Business

Question 3 • 2102320-Economics HONORS - Edgenuity Teacher

Short-term aggregate supply happens in a curve instead of a straight line, because economic changes .

Answer
A
take time
B
happen instantly

Explanation

Short-run aggregate supply is an upward-sloping curve because prices and wages do not all adjust immediately when economic conditions change. As a result, firms may increase production as prices rise before costs fully catch up. So economic changes take time, making A, “take time,” correct.

AI-written and checked against the verified answer.

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