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Describe at least two factors that could affect the supply curve of the goods or services. Show graphically the impact of each factor on the market for the goods or services.

TASK Part I Pick a company that produces a good or service. Choose a company that: Interests you. Consider companies for which you might want to work or where a family or friend works. This can be a local, national, or international company. Is not too diversified. For example, Proctor and Gamble would be a […]

Does it make a difference if the item is an essential item, like food vs. a luxury item like a sports car whether you are likely to continue to purchase the item even if the price goes up?

Think of three goods or services that you buy frequently. Fill in the following details for each goods or service in the tabular template provided: 1. The current price and the quantity that you normally buy. 2. A higher price than the current price and the quantity that you will buy at that price. 3. […]

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