ECON Supply Review

improved technology in production

• increase in supply

• decrease in supply

decrease in the price of labor

• increase in supply

• decrease in supply

increase in the price of an input used in production

• increase in supply

• decrease in supply

decrease in the cost of capital (interest rates)

• increase in supply

• decrease in supply

decrease in the cost of energy used in production

• increase in supply

• decrease in supply

decrease in the cost of advertising

• increase in supply

• decrease in supply

increase in government subsidies to producing firms

• increase in supply

• decrease in supply

increase in excise or sales taxes

• increase in supply

• decrease in supply

"U.S. Car Company to Close Six Factories" -- How will this information likely affect the current supply curve S₁ for the company’s minivans?

• Panel a

• Panel b

• Panel c

• Panel d

"Record Peach Harvest—Price Lowest in a Decade" How will this information likely affect the current supply curve S₁ for frozen peach pies?

• Panel a

• Panel b

• Panel c

• Panel d