Supply Shifters

A hurricane wipes out an orange crop in Florida, sharply affecting the supply of oranges. Which chart demonstrates this concept?

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President Approves Subsidy for Solar Energy Industry

How will this Newspaper headline affect the supply curve for solar energy panels?

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The diagram represents a(n)

• increase in supply

• decrease in supply

• change in quantity supplied

• none of the above

What is being illustrated in the image?

• Decrease in supply

• Increase in supply

Robots Make Automobiles Faster, Cheaper

How will this Newspaper headline affect the supply curve for cars?

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Fire Destroys Thousands of Acres of Forest in Pacific Northwest

How will this Newspaper headline affect the supply curve for lumber?

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Nationwide Auto workers strike

• Change in supply

• Change in quantity supplied

A new technology reduces the cost of producing electric cars. How will this affect the supply curve for electric cars?

• A) Shift to the right

• B) Shift to the left

• C) No change

• D) Shift upwards

A government imposes a tax on the production of plastic. What is the likely effect on the supply curve for plastic products?

• A) Shift to the right

• B) Shift to the left

• C) No change

• D) Shift downwards

Farmers receive a subsidy for growing organic vegetables. What happens to the supply curve for organic vegetables?

• A) Shift to the right

• B) Shift to the left

• C) No change

• D) Shift upwards