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Resource Prices
Refers to the costs associated with inputs used in the production of goods or services, such as raw materials, labor, and capital.
Market Demand
The total quantity of a product or service that all consumers in a market are willing and able to purchase at various prices.
Increases
This term refers to a situation where a quantity or quality of something goes up or becomes more.
Constant-Cost Industry
An industry where the costs of production do not change as the overall level of production increases or decreases.
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