The development of a new production technique that lowers the cost of producing product X will shift the supply curve of product X to the right.
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Q6: A decrease in the prices of resources
Q8: An increase in supply and demand will
Q9: If two goods are substitutes in consumption,
Q10: If two goods are complements (in consumption),
Q13: The law of demand states that, ceteris
Q14: A price fixed above the equilibrium price
Q15: An increase in the supply of product
Q16: The further a ceiling price is below
Q37: A surplus indicates that the quantity demanded
Q210: Surpluses drive market prices up; shortages drive
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