Supply Curve Shifting Exercise

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Modesto Junior College *

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101

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Economics

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Feb 20, 2024

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Supply Curve Shifting Exercise Draw a supply curve for each scenario. You will then draw a shift curve to either the left or the right depending on the scenario that is given. You will pick a color for the increase of supply, and then another color for the decrease in supply. Increase Color:_________________________________. Decrease Color:________________________________. 1. A company has received a government subsidy: Explain why the supply is increasing or decreasing: 2. New robots, and other technologies have been added to a factory:
Explain why the supply is increasing or decreasing: 3. A cigarette company is experiencing a supply change due to a government tax on their product: Explain why the supply is increasing or decreasing: 4. A company is experiencing a rise in variable cost in its factories:
Explain why the supply is increasing or decreasing:
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