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Flour is an input used to produce cookies. Suppose that the price of flour rises. As a result the supply curve for cookies will shift
Flour is an input used to produce cookies. Suppose that the price of flour rises. As a result
the supply curve for cookies will shift to the right.
the supply curve for flour will shift to the right.
the supply curve for flour will shift to the left.
the supply curve for cookies will shift to the left.
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Managerial Economics and Business Strategy
Authors: Michael R. baye
7th Edition
978-0073375960, 71267441, 73375969, 978-0071267441
