When can we expect a factor-price effect to occur? How does a factor-price effect alter an industry's short-run and long-run supply curves? Illustrate (graph).

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When can we expect a factor-price effect to occur? How does a factor-price effect alter an industry's short-run and long-run supply curves? Illustrate (graph).

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The factor price effect means how the finished produces decided the value of its factors of pro... View full answer

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