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Your answer Short answer #1 - Suppose an investment in the latest equipment allows a business to increase its output by 50%. Describe the factor

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Your answer Short answer #1 - Suppose an investment in the latest equipment allows a business to increase its output by 50%. Describe the factor which impacts the supply curve for this firm. How does it impact the equilibrium price and quantity in the market (assuming this is a major producer)? Describe the process that leads to the said change in equilibrium price and quantity on the market graph. * Your

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