supply shift mr. nunn. supply curve a graph that shows the amount of a good sellers are willing and...
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Supply Shift
Mr. Nunn
Supply CurveA graph that
shows the amount of a good sellers are willing and able to sell at various prices.
Supply ShiftChange in supply = shift in
supply curve.
Supply increase= supply curve shifts rightward
Supply decrease= supply curve shifts leftward
A Shift in Supply.
Factors to cause shiftResource Prices
Technology
Taxes
Subsidies
Quotas
Number of sellers
Future Price
Weather
What if tractor technology advance in farming?
Draw the supply curve and what direction you believe the line shifted to on a scrap paper.
Supply shift if technology advanced.
What if bad weather destroyed crops?
Draw the demand curve and what direction you believe the line shifted to on a scrap paper.
Supply shift if weather destroy crops.
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