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Supply Shift Mr. Nunn

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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

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

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

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

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

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

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

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

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

Supply shift if weather destroy crops.


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