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JA Chp. 4

JA Economics Chp. 4

QuestionAnswer
A positive relationship between the quantity supplied and the price of the product. law of supply
The additional cost of increasing one unit of production. marginal cost
The total of all individual suppliers’ products in a market at a particular time. market supply
Quantities of a good or service that producers are willing and able to sell at different prices at a particular time. supply
Created by: pinetreeacademy
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