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Directions: For questions 29-31, consider the production of oatmeal. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the currve shift left or right? 29 The government decides to offer a subsidy to all oat grain producers. How will this impact the supply of oatmeal? Label this curve S1. 30. Technology is invented to make producing oatmeal more efficient and cost effective. What will happen to the supply for all oatmeal? Label this curve S2. 31. A massive flood in South Dakota damages thousands of oat grain crops. How will this impact the supply for oatmeal ?

Directions: For questions 29-31, consider the production of oatmeal. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the currve shift left or right? 29 The government decides to offer a subsidy to all oat grain producers. How will this impact the supply of oatmeal? Label this curve S1. 30. Technology is invented to make producing oatmeal more efficient and cost effective. What will happen to the supply for all oatmeal? Label this curve S2. 31. A massive flood in South Dakota damages thousands of oat grain crops. How will this impact the supply for oatmeal ?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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I need help with 29, 30, 31
2.03.1 Supply Assignment - Compatibi. AdrianA Table Design Layout References could have resulted in a supply decrease for the product or service you chose for your graph. Design Mailings Review View Help Layout MICROECONOMICS Directions: For questions 29-31, consider the production of oatmeal. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the curve shift left or right? 29 The government decides to offer a subsidy to all oat grain producers. How will this impact the supply of oatmeal? Label this curve S1 30. Technology is invented to make producing oatmeal more efficient and cost effective. What will happen to the supply for all oatmeal? Label this curve S2. A massive flood in South Dakota damages thousands of oat grain crops. How will this impact the supply for 31. oatmeal ? OFocus
Transcribed Image Text:2.03.1 Supply Assignment - Compatibi. AdrianA Table Design Layout References could have resulted in a supply decrease for the product or service you chose for your graph. Design Mailings Review View Help Layout MICROECONOMICS Directions: For questions 29-31, consider the production of oatmeal. For each question, draw on the graph provided what will happen under the given circumstances. For example, will the curve shift left or right? 29 The government decides to offer a subsidy to all oat grain producers. How will this impact the supply of oatmeal? Label this curve S1 30. Technology is invented to make producing oatmeal more efficient and cost effective. What will happen to the supply for all oatmeal? Label this curve S2. A massive flood in South Dakota damages thousands of oat grain crops. How will this impact the supply for 31. oatmeal ? OFocus
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