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Supply Shift Mr. Nunn. Supply Curve A graph that shows the amount of a good sellers are willing and able to sell at various prices.

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Presentation on theme: "Supply Shift Mr. Nunn. Supply Curve A graph that shows the amount of a good sellers are willing and able to sell at various prices."— Presentation transcript:

1 Supply Shift Mr. Nunn

2 Supply Curve A graph that shows the amount of a good sellers are willing and able to sell at various prices.

3 Supply Shift Change in supply = shift in supply curve. Supply increase= supply curve shifts rightward Supply decrease= supply curve shifts leftward

4 A Shift in Supply.

5 Factors to cause shift Resource Prices Technology Taxes Subsidies Quotas Number of sellers Future Price Weather

6 What if tractor technology advance in farming? Draw the supply curve and what direction you believe the line shifted to on a scrap paper.

7 Supply shift if technology advanced.

8 What if bad weather destroyed crops? Draw the demand curve and what direction you believe the line shifted to on a scrap paper.

9 Supply shift if weather destroy crops.

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