Graphing Supply.

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Presentation transcript:

Graphing Supply

The Law of Supply P QS

Step #1 Draw an standard y-axis Label the y-axis “Price” Price

Step #2 Draw an standard x-axis Label the x-axis “QS” Price QS

Step # 3 Draw a standard supply curve Label the curve “S1” S1 Price QS

Step #4 Read the problem What determinant of supply is dictating the shift in supply? Draw the shift in supply.

Graphically depicting shifts in supply Step #5 Graphically depicting shifts in supply

An increase in supply S1 S2 Price QS

A decrease in supply S2 S1 Price QS

Step # 6 Label the determinant