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Unformatted text preview: of the product supplied by a rm. Law of Supply Ceteris Paribus P = Q.S P = Q.S Change in Quantity supplied: movement along curve What Explains Law of Supply (prot) = P*Y - Cost of Production Labor = Y Price = What you give up (Opportunity Cost)...
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This note was uploaded on 04/15/2008 for the course ECON 102 taught by Professor Drozd during the Spring '08 term at Wisconsin.
- Spring '08