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What will a shift in the supply curve of bicycles resulting from higher steel prices lead to?
Duration
The length of time during which an event occurs or a condition persists.
Franchise
A business method that involves licensing of trademarks and methods of doing business, typically from a franchisor to a franchisee.
Franchise Relationship
A contractual relationship where one party (the franchisor) grants another party (the franchisee) the right to operate a business using its trademark and business model.
Franchise Contracts
Legal agreements that allow for the licensing of trademarks and methods of doing business between a franchisor and franchisee, outlining the duties and rights of both parties.
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