To calculate the supply price when the rent is reduced you need to consider how the reduction in rent affects the overall cost structure for the supplier. First identify the initial rent amount and then subtract the reduced rent from the original rent. This reduction in rent can lower the supplier's operating costs potentially leading to a decrease in the supply price. The new supply price should reflect this reduction considering other factors such as production costs market demand and competition. It is important to adjust the pricing strategy accordingly to maintain profitability while offering competitive rates.
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