What aggregate supply shows
What aggregate supply shows

Aggregate supply (AS) is the total quantity of goods and services that producers plan to supply at each average price level. An AS curve shows the relationship between the average price level on the vertical axis and real output on the horizontal axis.
Step-by-step lessons covering Edexcel A A Level Economics 2.3.1 The characteristics of AS for A Level Economics. Each lesson works through exam-style questions in Paper 1, Paper 2 and Paper 3 format. Start with the core supply-and-demand models before moving on to the more evaluation-heavy macroeconomic policy topics.