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Explain the law of supply? What are the factors of supply? How do they affect supply and the supply curve? Apply this understanding to your

  • Explain the law of supply? What are the factors of supply? How do they affect supply and the supply curve?
  • Apply this understanding to your analysis ofsugary drinks industry in Singapore. Examine possible factors that can affect its supply.
  • You should include appropriate research or examples; and make relevant assumptions.
  • Use clearly labelled graph(s) to show the explanation.

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