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Describe the three-way handshake used in CHAP.
Law of Supply
A principle stating that as the price of a good increases, the quantity supplied also increases, and vice versa.
Quantity Supplied
The total amount of a good or service that producers are willing and able to sell at a specific price.
Wage Rate
The amount of money paid per hour, day, or another unit of time for labor.
Pizza Makers
Individuals or machines that specialize in preparing and baking pizzas.
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