Supply Shift Mr. Nunn. Supply Curve A graph that shows the amount of a good sellers are willing and able to sell at various prices.

Slides:

Advertisements

Similar presentations

2.1 Markets Supply Pg 47 Oliver Chang. Determinant of Supply Taxes: increases production costs and reduces supply Subsidies: lowers producers’ costs and.

Advertisements

1 Supply Supply refers to the seller side of the market. In this section, let’s explore the basic topics about supply. Note: don’t worry about the demand.

Chapter 5 Section 2.  Every time the supply of a good changes, the supply curve for that good “shifts” ◦ Meaning it moves either to the right or to the.

CHAPTER 5: SECTION 1 Understanding Supply. What Is Supply? Supply refers to the willingness and ability of sellers to produce and offer to sell a good.

Individual Markets: Demand and Supply Chapter 3. Demand and Supply Supply.

LAW OF SUPPLY. Focus Activity P Q 0 S What does this tell you about the Law of Supply?

Chapter 5 Supply Curves Factors of Supply Supply Curve Shifts.

Unit 2: Supply, Demand, and Consumer Choice

LAW OF SUPPLY - P.Bharathi 2 SUPPLY DEFINED Rs PQSQS Good A Supply schedule is a table that shows the amount of goods the producers.

Supply and Demand The Heart & Soul of Market Economics.

Agenda 10/3/14 Warm Up: Diminishing Marginal Utility Law of Supply Lecture – Guided Notes Supply Practice Remember Market Watch #2 is due Monday!

Understanding Supply. Outcome: Describe the behavior of sellers in a competitive market.

Unit 2: The Elements of a Market Economy : Understand the relationship of incentives to the law of supply : Discuss the effects of changes.

SUPPLY DEFINED SUPPLY SCHEDULE $ PQSQS CORN Various Amounts

 Identify how producers & product availability influence pricing  Analyze how the agreement between buyers & sellers set prices in the market  4A Objectives:

Chapter 5 Section 2.  Every time the supply of a good changes, the supply curve for that good “shifts” ◦ Meaning it moves either to the right or to the.

Chpt. 3: Supply. Supply Quantity supplied –The amount of the good or service that producers are willing and able to sell at the current price Law of demand.

ECON107 Principles of Microeconomics Week 5 SEPTEMBER w/9/2013 Dr. Mazharul Islam Chapter-3.

CH. 6 MARKET FORCES. ESSENTIAL QUESTION  Essential Question: How do the laws of supply and demand interact to establish market equilibrium in a perfectly.

Supply. Quantity Supplied The number of units of a good that all sellers in the market would choose to sell over some period of time, given the constraints.

Understanding Supply. What is Supply? Supply: –The willingness and ability of sellers to produce and offer to sell different quantities of a good at different.

Unit 2: Supply, Demand, and Consumer Choice 1. Review 1. What is the law of demand? 2.

Supply 1. Supply Defined What is supply? Supply is the different quantities of a good that sellers are willing and able to sell (produce) at different.

Supply Chapter 5. An Introduction to Supply  Supply – schedule of quantities that are offered for sale at each and every price  What suppliers will.

WHAT IS SUPPLY?. ? 1-What is “supply’? The amount of a product offered for sale at all possible prices in the market.

1 Supply – Quantity Supplied Quantity supplied number of units of a good all sellers in the market would choose to sell over some time period given their.

Supply Chapter 4. Supply Supply – willingness and ability of sellers to produce and offer a good or service Supply = Willingness and ability to produce.

AGENDA Wed 2/8 & Thurs 2/9 Review Demand Quiz Diminishing Marginal Productivity “Lucy! You’ve got some ‘splainin’ to do!” Amazing Tortilla QOD #11: Farmer’s.

Unit 3 SUPPLY AND DEMAND. Chapter 4 DEMAND  To have demand for a product you must be WILLING and ABLE to purchase the product  WILLING + ABLE = DEMAND.

Demand A Schedule Showing the Consumers are Willing and Able to Purchase At a Specified Set of Prices During A Specified Period of Time Amounts of a Good.

Understanding Supply Economics. Economic Market Market: Any place where people come together to buy and sell goods or services An economic market has.

AP Economics September 15, Review Demand 2. Begin Supply.

Supply 1. Supply Defined What is supply? Supply is the different quantities of a good that sellers are willing and able to sell (produce) at different.

J.A.SACCO. SUPPLY Quantity supplied The amount of a good, service, or resource that a producer is willing and able to sell at each and every price during.

Demand and Supply Chapters 4, 5 and 6. Demand demand is a schedule that shows the various amounts of a product consumers are WILLING and ABLE to BUY at.

SUPPLY HOW MUCH SHOULD I MAKE?. REVIEW A supply curve illustrates how much of a good would be supplied or produced at each possible price. (Coffee shop.

Basics of Macroeconomics Aggregate Supply.  Aggregate supply tells the quantity of goods and services supplied in an economy at a given price level.

Supply J.A.SACCO.

Unit 2: Supply Can you see me?.

Supply Graphs How do they change?.

LESSON 6.2 Shifts of Demand and Supply Curves

2.6 Supply Explain what is meant by supply Construct a supply curve

Understanding Supply & The Supply Curve Shifts

Unit 2: Supply, Demand, and Consumer Choice

Shifts in Supply Unit 2.

Supply and Demand.

© EMC Publishing, LLC.

Supply Supply is relationship that shows the various quantities of a good that sellers are willing and able to sell at different prices.

Basic Economic Concepts

Unit 2: Supply, Demand, and Consumer Choice

2.6 Supply Explain what is meant by supply Construct a supply curve

DO NOW If you owned a birthday cake company, what would be the minimum price that you’d be willing to sell your product if you chose to produce it? How.

Supply Unit 2: Supply and Demand.

What is supply?.

Econ Unit One Day 7.

SUPPLY Quantity supplied is the amount of a good that sellers are willing and able to sell. Law of Supply The law of supply states that, other things equal,

Supply & Demand # 5 What is Supply?.

Unit 2: Supply, Demand, and Consumer Choice

Graphing Supply.

Unit 2: Supply, Demand, and Consumer Choice

Supply Unit 2: Supply and Demand.

SUPPLY Chapter 5.

Unit 2: Supply, Demand, and Consumer Choice

Shifts in Supply Unit 2.

Unit 2: Supply, Demand, and Consumer Choice

Unit 2: Supply, Demand, and Consumer Choice

Factors that Shift Demand & Supply

Presentation transcript:

Supply Shift Mr. Nunn

Supply Curve A graph that shows the amount of a good sellers are willing and able to sell at various prices.

Supply Shift Change in supply = shift in supply curve. Supply increase= supply curve shifts rightward Supply decrease= supply curve shifts leftward

A Shift in Supply.

Factors to cause shift Resource Prices Technology Taxes Subsidies Quotas Number of sellers Future Price Weather

What if tractor technology advance in farming? Draw the supply curve and what direction you believe the line shifted to on a scrap paper.

Supply shift if technology advanced.

What if bad weather destroyed crops? Draw the demand curve and what direction you believe the line shifted to on a scrap paper.

Supply shift if weather destroy crops.