According to the effective demand principle:
a) at a certain price, the output shall not be determined by any known factor
b) at a certain price, the output will remain unaffected by rise or fall in demand
c) at a certain price, equilibrium output will be solely determined by the aggregate demand
d) none of the above
a) at a certain price, the output shall not be determined by any known factor
b) at a certain price, the output will remain unaffected by rise or fall in demand
c) at a certain price, equilibrium output will be solely determined by the aggregate demand
d) none of the above