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A steeper supply curve will do which of the following? (Can have multiple correct answers)

- Reflect greater scarcity of the good
- Reflect greater economic profit
- Indicate market failure
- Will result in large changes in price when the demand curve shifts out and up

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A steeper supply curve will reflect greater scarcity of the good and also indicate market failure. With this kind of a curve, the supplier will always supply the same amount of goods, regardless of the price.

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