Question: (Questions 23-25) Suppose that there is an efficient input market with an upward-sloping supply curve. The initial equilibrium outcome consists of Xo and Po .

(Questions 23-25) Suppose that there is an efficient input market with an upward-sloping supply curve. The initial equilibrium outcome consists of Xo and Po .

an upward-sloping supply curve. The initial equilibrium outcome consists of Xo and

Price Supply A P1 B D C Po F H Demand 2 K b Demand 1 X Z Xo Quantity

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