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what is the law of supply Informational
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- No Response to Price Describe a situation where the supply of a good might be perfectly elastic.
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- Ensuring Transactions How do social networks and information flows affect the supply of goods, especially in local markets?
- Impact on Labor Demand and Supply Consider the market for a rare painting by a famous artist who is now deceased. How would you describe the elasticity of supply for this painting? Why?
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