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1. Describe when each of the following would happen: a. Supply curve gets flatter: b. Supply curve gets steeper: 2. Fill in the chart with

1. Describe when each of the following would happen:

a. Supply curve gets flatter:

b. Supply curve gets steeper:

2. Fill in the chart with the range values for the elasticity of each type of good. Elastic Inelastic Inferior Good Normal Good Substitute Good Compliment Good

	Elastic	Inelastic
Inferior Good
Normal Good
Substitute Good
Compliment Good

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