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
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Chapter1: Making Economics Decisions
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Name:
Period:
Shifts in the Supply Curve
Directions Read the scenaros 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
llustrate 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:
4) The price of athletic equipment has increased.
A) Change in supply in athletic equlpment:
B) Determinant:
C) Graph:
Transcribed Image Text:Name: Period: Shifts in the Supply Curve Directions Read the scenaros 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 llustrate 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: 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 simllar
products.
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 to
people's health and cause people to feel the urge to Immediately buy more cookles the second
they run out In response to this, the U.S. Government begins to Inspect every batch of cookles
before 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 the
working 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's
leather factorles have been destroyed by explosions.
A) Change in supply in athletic equlpment
B) Determinant:
C) Graph:
Transcribed Image Text:5) Due to the popularity of the Wil video game console, Sony and Microsoft bring out simllar products. 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 to people's health and cause people to feel the urge to Immediately buy more cookles the second they run out In response to this, the U.S. Government begins to Inspect every batch of cookles before 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 the working 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's leather factorles have been destroyed by explosions. A) Change in supply in athletic equlpment B) Determinant: C) Graph:
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