A13-Online-Reasons for Changes in Supply
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Do not proceed until you have read Part A above.
For each of the following determine how supply would be effected.
1. Auto Workers’ Union Agrees to Wage Cuts *
1 point
1b. Choose the best reason for why supply changed. *
1 point
2. New Robot Technology Increases Efficiency *
1 point
2b. Choose the best reason for why supply changed. *
1 point
3. Nationwide Auto Strike Began at Midnight *
1 point
3b. Choose the best reason for why supply changed. *
1 point
4. New Import Quotas Reduce Foreign Car Imports *
1 point
4b. Choose the best reason for why supply changed. *
1 point
5. Cost of Steel Rises *
1 point
5b. Choose the best reason for why supply changed. *
1 point
6. Auto Producer Goes Bankrupt; Closes Operation *
1 point
6b. Choose the best reason for why supply changed. *
1 point
7. Buyers Reject New Models *
1 point
7b. Choose the best reason for why supply changed. *
1 point
8. National Income Rises 2% *
1 point
8b. Choose the best reason for why supply changed. *
1 point
9. What have you noticed about costs and the supply curve? *
When costs increase does supply increase or decrease. Explain
Your answer
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