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Example: The price of the trees used for the paper in the notebooks increases. Price S2 S1 P2 P1 D1 Q2 Q1 Quantity (Notice how

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Example: The price of the trees used for the paper in the notebooks increases. Price S2 S1 P2 P1 D1 Q2 Q1 Quantity (Notice how everything is labeled. A tragic number of students lose points on the AP Exam every year because they did not practice labeling their graphs and forget to do it.) Price: Increase Quantity: Decrease Determinant: Resource cost of supply Scenarios: a. The government provides a subsidy for notebook manufacturers

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