Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the question. Then write the determinant of supply and a short explanation. Then draw a graph to show the shift. 5. U.S. farmers start cutting down their pecan groves to make more land available to plant more profitable crops.
Decide if it is an increase (right shift) or a decrease (left shift) and write that next to the question. Then write the determinant of supply and a short explanation. Then draw a graph to show the shift. 5. U.S. farmers start cutting down their pecan groves to make more land available to plant more profitable crops.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Ss(supply) curve is an upward sloping line which shows the direct relation between p(price) and Qs(quantity supplied) of a product.
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