Shifts in Supply Practice

(Supply of Ross' Baseball Hats?) 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.

• Curve Shifts Left

• Curve Shifts Right

• Movement Up Along the Curve

• Movement Down Along the Curve

Answer explanation

new technology

(Supply of Wheat?) The U.S. Senate gives a bonus to small family farms that grow and produce corn.

• Curve Shifts Left

• Curve Shifts Right

• Movement Up Along the Curve

• Movement Down Along the Curve

Answer explanation

government policy (subsidy)

(Supply of WeLoveToys?) Workers at WeLoveToys Toy factory go on strike as a result of poor conditions and low wages.

• Curve Shifts Left

• Curve Shifts Right

• Movement Along the Curve

Answer explanation

decrease in availability of resources

(Athletic Equipment?) The price of athletic equipment has increased.

• Curve Shifts Left

• Curve Shifts Right

• Movement Up Along the Curve

• Movement Down Along the Curve

Answer explanation

increase in the price of athletic equipment

(Supply of Girl Scout Cookies?) It is discovered that Girl Scout cookies contain ingredients that are extremely harmful to people’s health and cause people to feel the urge to immediately buy more cookies the second they run out. In response to this, the U.S. Government begins to inspect every batch of cookies

before they are available to sell.

• Curve Shifts Left

• Curve Shifts Rights

• Movement Along the Curve

Answer explanation

Government regulation

(Supply of Iron?) 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.

• Curve Shifts Left

• Curve Shifts Right

• Movement Up Along the Curve

• Movement Down Along the Curve

Answer explanation

new technology (music)

(Suppy BootBarn Boots) Price of leather increases

• Curve Shifts Left

• Curve Shifts Right

• Movement Up Along the Curve

• Movement Down Along the Curve

Answer explanation

Increase in the price of resources