Define the terms change in the quantity supplied

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Reference no: EM133710560

Question: Define the terms below and also use in a sentence of at least fifteen words to help define the specific term

Excess supply (or surplus)

change in the quantity supplied

change in demand

seller's surplus

socially optimal quantity

substitutes

substitution effect

supply curve

total surplus

Reference no: EM133710560

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Define the terms change in the quantity supplied : Define the terms below and also use in a sentence of at least fifteen words to help define the specific term Excess supply (or surplus) change in the quantity

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