4. Determine whether, in the short run, each of the following events causes a shift of a...
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4. Determine whether, in the short run, each of the following events causes a shift of a curve or a movement along a curve.
Also determine which curve is involved and the direction of the change.
a. As a result of new discoveries of iron ore used to make steel, producers now pay less for steel, a major commodity used in production.
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