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Graph 8-2
-According to Graph 8-2, the price buyers pay after the tax is:
Supply Curve
A graph showing the relationship between the quantity of a good supplied and its price, typically upward sloping.
Movement
A change or development in a particular direction, often referred to in contexts ranging from physical relocation to shifts in opinions or trends.
Supply Curve
represents the relationship between the price of a good and the quantity of that good suppliers are willing to produce and sell, typically upward sloping because higher prices incentivize more production.
Shift
A change in demand or supply where the entire curve moves either right (increase) or left (decrease), signifying changes in market conditions.
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