Law and determinants of supply
Problem: What is supply? What is law of supply and what are the determinants of supply? Write your response in accordance with APA style of writing.
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What is supply? What is law of supply and what are the determinants of supply? Write your response in accordance with APA style of writing.
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In the long-run in perfectly competitive industries the (long-run) supply curve of the industry can be derived. Explain likely outcomes (slopes) of long-run supply curve in various situations
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