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Economics Chapter 4 Notes ­ Supply

Charlotte Coleman LVIE

Supply by a single firm and market supply

When economists refer to `supply' they generally mean market supply. Market Supply is the
quantity of a good or service that all the firms or producers in the market plan to sell at…

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Expenditure taxes and subsidies

When tax is added the supply curve often shifts. How it shifts is dependent on the tax; some taxes
are a percentage and will affect the gradient of the line, others will just cause it to shift (shown
below)




A subsidy has the opposite effect, as…

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