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In this lesson, we learn how to represent the supply for a particular good using a linear supply equation. Using the market for beef as an example, we see that as the price of beef increases, the quantity that farmers are willing and able to produce also increases. By plotting points from a supply schedule on a graph, we can draw a linear supply curve. This curve represents the relationship between price and quantity supplied for beef. The next step is to derive a supply equation from this data.
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