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Supply Function
A numerical model illustrating how the amount of a product provided is related to its cost.
Subsidy
A subsidy is a financial contribution provided by the government or a public body to support businesses, consumers, or sectors, reducing the price of goods or services.
Supply Function
A supply function is a mathematical relation that shows how the quantity supplied of a good is influenced by its price and possibly other factors, such as production cost.
Demand Function
A mathematical equation that describes the quantity of a good that consumers are willing and able to purchase at various prices.
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