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Price of Resources

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by

Jasmeet Singh

on 23 April 2010

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Transcript of Price of Resources

Prices of Resources *The most common that can shift the supply curve.
*Resource is anything that is used in production of a good or service. *Some examples are raw materials, electricity, and workers' wages. *When prices of resource falls, production costs fall also. The lower prodution cost means that a busines can make more of it for the same price. Raw Materials THE END
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