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The Amish support their own private schools,which teach the practical skills of everyday life.
Demand Shift
Occurs when the entire demand curve moves due to changes in factors other than the price of the good, such as consumer preferences or income.
Supply Increase
A situation where the quantity of a good or service that is available to consumers rises.
Increasing-Cost Industry
An increasing-cost industry is one in which costs of production increase as the industry expands, often due to factors like limited resources or higher input prices.
Long-Run Supply Curve
A graphical representation showing quantities of goods a firm is willing and able to supply at different prices over a long period, assuming all inputs are variable.
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