Supply Shifters

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18 Terms

1

Record Peach Harvest—Price Lowest in a Decade
How will this information likely affect the supply curve for frozen peach pies?

Supply will increase and the Supply Curve will move to the right

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2

U.S. Car Company to Close Six Factories
How will this information likely affect the supply curve for the company's minivans?

Supply will decrease and the Supply Curve will move to the left

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3

Robots Make Automobile Assembly Faster, Cheaper
How will this information likely affect the supply curve for cars?

Supply will increase and the Supply Curve will move to the right

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4

Congress Passes New "Sugar Tax"
How will this information likely affect the supply curve for sugar?

Supply will decrease and the Supply Curve will move to the left

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5

Fire Destroys Thousands of Acres of Forest in Pacific Northwest
How will this information likely affect the supply curve for lumber from Oregon?

Supply will decrease and the Supply Curve will move to the left

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6

President Approves Subsidy for Solar Energy Industry
How will this information likely affect the supply curve for solar energy panels?

Supply will increase and the Supply Curve will move to the right

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7

Suppose there is an increase in the price of cattle feed. This will cause the supply of beef to ____________.

Supply will decrease and the Supply Curve will move to the left

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8

The peanut butter manufacturers are expecting an unusually large peanut crop this year. This will cause the supply of peanut butter to ___________.

Increase and the Supply Curve will move to the Right

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9

The peanut butter manufacturers are all buying equipment that can make peanut butter two times faster than before. This will cause the supply of peanut butter to ___________.

Increase and the Supply Curve to move to the right

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10

The government has lowered taxes on cattle ranchers; the supply of beef will ______________

Increase and the Supply Curve will move to the right

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11

An increase in the price of hay would cause the supply of beef to ___________.

Decrease and the Supply Curve would move to the left

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12

Mattel expects the new Barbie to be the "IT" toy at Christmas; the supply of Barbie will _________________________.

Increase and the Supply Curve will move to the right

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13

Large Auto Producers Go Bankrupt Supply will __________.

Decrease and the Supply Curve will move to the left

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14

Government Offers Subsidy Payments To Auto Producers That Make Hybrid Cars cheaper to produce. The Supply of Hybrid Cars will ________

Increase and the Demand Curve will move to the right

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15

New Technology Increases Steel factory Efficiency. The supply of steel will.......

Increase and the Supply Curve will move to the right

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16

Government Offers $3500 For Older Model Trade-ins; Producers Expect Sales Increase. The supply of new cars will ___________

Increase and the Supply Curve will move to the right

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17

New fertilizer increases potato crops. The supply of potatoes will _________

Increase and the Supply Curve will move to the right

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18

The government imposes a tax on companies who produce foods that lead to obesity. The supply of jelly beans will _________

Decrease and the Supply Curve will move to the Left

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