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What is the shape of supply curve in the market period?

Diagram

The supply curve of a firm or industry is vertical, as illustrated by s₁ s₁ in the given figure.

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Chapter 5: Supply - Law of Supply and Price Elasticity of Supply - TEST YOURSELF QUESTIONS [Page 97]

Chapter 5 Supply - Law of Supply and Price Elasticity of Supply
TEST YOURSELF QUESTIONS | Q 17. ii. | Page 97

Chapter 22 Model Short Answer Questions
MODEL SHORT ANSWER QUESTIONS | Q 62. (ii) | Page 459

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