Transcript
![Page 1: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/1.jpg)
Supply Shift
Mr. Nunn
![Page 2: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/2.jpg)
Supply CurveA graph that
shows the amount of a good sellers are willing and able to sell at various prices.
![Page 3: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/3.jpg)
Supply ShiftChange in supply = shift in
supply curve.
Supply increase= supply curve shifts rightward
Supply decrease= supply curve shifts leftward
![Page 4: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/4.jpg)
A Shift in Supply.
![Page 5: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/5.jpg)
Factors to cause shiftResource Prices
Technology
Taxes
Subsidies
Quotas
Number of sellers
Future Price
Weather
![Page 6: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/6.jpg)
What if tractor technology advance in farming?
Draw the supply curve and what direction you believe the line shifted to on a scrap paper.
![Page 7: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/7.jpg)
Supply shift if technology advanced.
![Page 8: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/8.jpg)
What if bad weather destroyed crops?
Draw the demand curve and what direction you believe the line shifted to on a scrap paper.
![Page 9: 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](https://reader031.vdocuments.net/reader031/viewer/2022032805/56649ef35503460f94c064e5/html5/thumbnails/9.jpg)
Supply shift if weather destroy crops.