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IDENTIFICATIONS
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Supply Curve
A graph that illustrates the relationship between the price of a good or service and the amount of it that producers are willing to supply at each price level.
Orange Market
A specific sector for trading or selling oranges, which can serve as a proxy for understanding supply and demand dynamics in agricultural markets.
Law Of Supply
A principle that states there is a direct relationship between the price of a good and the quantity of it producers are willing to supply. As the price of a good increases, producers will wish to supply more of it. As the price decreases, producers will wish to supply less.
Producers
Individuals or businesses that create goods or provide services.
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