At the beginning of 2011, the global price for copper was nearly $10,000 per metric ton. Five years later, near the
beginning of 2016, the price had dropped to roughly half, at just under $5,000 per metric ton. In the AD/AS model,
which curve would we model as shifting, and in which directly, when thinking about the short-run?
AD curve, to the left
AD curve, to the right
SRAS and AD curves, both to the right
SRAS curve, to the right
SRAS curve, to the left