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2
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Goods that a producer could produce with similar resources. This will happen if price of the original good goes down.
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4
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Machinery or computers that can speed up the production process
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5
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As price increases, quantity supplied will increase and vice versa
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6
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The acronym for the factors that shift the supply curve
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7
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When the tasks in the production process are allocated to particular people
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8
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Latin term meaning 'assuming all things remain the same'
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9
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What producers earn after costs are taken into account
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10
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Price x quantity
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