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Law of Supply Worksheet Answer the following questions: Steps to determining a supply curve: 1) Which group are we talking about with supply curves, producers

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Law of Supply Worksheet Answer the following questions: Steps to determining a supply curve: 1) Which group are we talking about with supply curves, producers or consumers? 2) What is the relationship between price and the quantity supplied? (If price is set high then what is the effect on the quantity supplied)

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