1-8 please Name:Period:Shifts in the Supply CurveDirections Read the scenaros below. Decide how the supply curve would change (change inquantity supplied or a shift in supply). List the determinant of supply. Then, use a graph tollustrate the change.1) Ross creates a business selling baseball hats. He begins his business with machines hebought second hand. After making a great.deal of profit, he upgrades to a new updatedmachine system that allows him to produce bats faster.A) Change in supply of baseball hats:B) DeterminantC) Graph:2) The U.S. Senate gives a bonus to small family farms that grow and produce corn.A) Change In supply of wheat:B) Determinant:C) Graph:3) Workers at a toy factory go on strike as a result of poor conditions and low wages.A) Change in supply of toys:B) DeterminantC) Graph:4) The price of athletic equipment has increased.A) Change in supply in athletic equlpment:B) Determinant:C) Graph: 5) Due to the popularity of the Wil video game console, Sony and Microsoft bring out simllarproducts.A) Change in supply of video game consoles:B) Determinant:C) Graph:6) It Is discovered that Girl Scout cookles contain ingredlents that are extremely harmful topeople's health and cause people to feel the urge to Immediately buy more cookles the secondthey run out In response to this, the U.S. Government begins to Inspect every batch of cooklesbefore they are available to sell.A) Change in supply of Girl Scout cookdes:B) Determinant:C) Graph:7) An iron factory begins to play music during labor hours in addition to Improving theworking condition of its workers. Workers are overjoyed and work harder to produce Iron.A) Change in supply of iron:B) Determinant:C) Graph:8) BootBarn, a discount boot store chain, responds to news that one-fourth of the world'sleather factorles have been destroyed by explosions.A) Change in supply in athletic equlpmentB) Determinant:C) Graph:

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Shifts in the Supply Curve Directions Read the scenarlos below. Decide how the supply curve would change (change in quantity supplied or a shift in supply). List the determinant of supply. Then, use a graph to lustrate the change. 1) Ross creates a business selling baseball hats. He begins his business with machines he bought second hand. After making a great deal of profit, he upgrades to a new updated machine system that allows him to produce bats faster. A) Change in supply of baseball hats: B) Determinant C) Graph: 2) The U.S. Senate gives a bonus to small family farms that grow and produce corn. A) Change In supply of wheat: B) Determinant: C) Graph: 3) Workers at a toy factory go on strike as a result of poor conditions and low wages. A) Change in supply of toys: B) Determinant C) Graph:

Shifts in the Supply Curve Directions Read the scenarlos below. Decide how the supply curve would change (change in quantity supplied or a shift in supply). List the determinant of supply. Then, use a graph to lustrate the change. 1) Ross creates a business selling baseball hats. He begins his business with machines he bought second hand. After making a great deal of profit, he upgrades to a new updated machine system that allows him to produce bats faster. A) Change in supply of baseball hats: B) Determinant C) Graph: 2) The U.S. Senate gives a bonus to small family farms that grow and produce corn. A) Change In supply of wheat: B) Determinant: C) Graph: 3) Workers at a toy factory go on strike as a result of poor conditions and low wages. A) Change in supply of toys: B) Determinant C) Graph:

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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