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Explain the difference between Supply and Aggregate Supply for iPods.

Explain the difference between Supply and Aggregate Supply for iPods.

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Answer : The difference between Supply and Aggregate Supply for iPods are :

  • Supply is study at micro level where as aggregate supply is study at macro level.
  • Supply of iPods shows what a Producer has been selling in particular country where as Aggregate Supply of iPods shows that the what the whole Economy has been selling.
  • Supply of iPods is related to production of goods at particular place where as aggregate supply is total Supply has been done during a particular year.
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