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1 what are the factors of production 2 what does the law of

1. What are the factors of production?

2. What does the Law of Supply say?

3. What is the Law of Demand?

4. If supply increases, what is likely to happen to the price?

5. If demand increases, what is likely to happen to the price?

6. What is elastic demand?

7. What is inelastic demand?

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