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1. Prepare a concept map which presents a description of: a. Offer added b. Aggregate Offer...

1. Prepare a concept map which presents a description of:
    a. Offer added
    b. Aggregate Offer Curve
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Answer #1

Good y

Offer curve shows the combinations of two goods demanded wherein one type of product is exported and another one is imported.

Here in the above diagram, suppose a country exports good Y and imports good X. When the prices tends to increase OP shifts to OP1 and so on, this means that price of good Y rises more in relation to Good X. R is the initial point of exchange of good X and good Y. By joining R, R1, R2, R3 offer curve is derived.

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