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Published byLeonard Mitchell Modified over 8 years ago
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Graph each of the following supply graphs. Then indicate which of the determinants caused the change. Start with a basic supply graph List the determinant Graph the shift
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What will happen to the supply for LCD screens since they have developed new techniques for increased production? What is the determinant that caused the change?
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What will happen to the supply of coffee when the wages for the pickers of coffee increases? What is the determinant that caused the change?
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What will happen to the supply of gasoline when the government excise taxes on them are reduced? What is the determinant that caused the change?
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What will happen to the supply for canned pineapples when the crops are ruined by a freeze? What is the determinant that caused the change?
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What will happen to the supply of new homes if the government decides to require all new homes to be environmentally friendly (recycled material, energy efficient windows, solar panels, etc) What is the determinant that caused the change?
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What will happen to the supply of chicken when Raising Canes is opening 3 new stores in town? What is the determinant that caused the change?
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What will happen to the supply of cigarettes when the government wants to alleviate the harm of smoking by reducing the consumption of cigarettes, and raises its tax on them? What is the determinant that caused the change?
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What will happen to the supply of cotton when the government wants to increase the production of cotton to export and decides to give monetary incentives to the cotton producers? What is the determinant that caused the change?
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What will happen to the supply of toys when new machinery has been developed to speed production? What is the determinant that caused the change?
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What will happen to the supply of American automobiles if Ford and General Motors go out of business? What is the determinant that caused the change?
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