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From course:

Economics A Level (DONEEEEEEE)

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Question:

How can the SRAS shift?

Author: eric_galvao



Answer:

-This is to do with Changes to Costs of Production. Reduction of Cost of Production means more Output can be made at such Given Price. -Such examples is if the Price of Oil went Down, Wages or Taxes cam down or if Efficiency [Productivity] changes as well] -Out of the Blue AS [Leads to Price Increasing] may be just Decreased Rapidly from War or Natural Disasters


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