The aggregate supply curve measures the relationship between the price level of goods supplied to the economy and the quantity of the goods supplied. In the short run, the supply curve is fairly elastic, whereas, in the long run, it is fairly inelastic (s
In economics, aggregate supply (AS) or domestic final supply (DFS) is the total supply of goods and services that firms in a national economy plan on selling during a specific time period.
Aggregate supply is also known as the final domestic supply. A country’s final domestic supply is calculated at the corresponding price level at a particular time. It is represented graphically by the aggregate supply curve—the relationship be
