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Why do suppliers increase production when price rise? Think about the concepts of supply: law of supply the production possibilities frontier (PPF) and price elasticity
Why do suppliers increase production when price rise? Think about the concepts of supply: law of supply the production possibilities frontier (PPF) and price elasticity of supply. Provide an in-depth explanation to show the connection between the different concepts of supply
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Economics
Authors: Paul A. Samuelson, William Nordhaus
19th edition
978-0073511290, 73511293, 978-0073344232, 73344230, 978-007351129
