A fall in the price level shifts the AE curve ________ and ________ equilibrium expenditure.
A. upward; increases
B. upward; decreases
C. downward; increases
D. downward; decreases
Answer:A
A fall in the price level shifts the AE curve ________ and ________ equilibrium expenditure.
A. upward; increases B. upward; decreases C. downward; increases D. downward; decreases