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Graphing Supply.

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Presentation on theme: "Graphing Supply."— Presentation transcript:

1 Graphing Supply

2 The Law of Supply P QS

3 Step #1 Draw an standard y-axis Label the y-axis “Price” Price

4 Step #2 Draw an standard x-axis Label the x-axis “QS” Price QS

5 Step # 3 Draw a standard supply curve Label the curve “S1” S1 Price QS

6 Step #4 Read the problem What determinant of supply is dictating the shift in supply? Draw the shift in supply.

7 Graphically depicting shifts in supply
Step #5 Graphically depicting shifts in supply

8 An increase in supply S1 S2 Price QS

9 A decrease in supply S2 S1 Price QS

10 Step # 6 Label the determinant

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