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REVIEWING MAIN IDEAS Fill in the blanks and answer the following questions: Supply is the various amounts of something a producer is willing and able
REVIEWING MAIN IDEAS Fill in the blanks and answer the following questions: Supply is the various amounts of something a producer is willing and able to different possible prices. At higher prices, producers usually offer (more, less) than at lower prices. Economists call this relationship between the price and amount produced the It occurs because a producer's marginal cost usually increases at higher rates of production
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