Supply curves
Question 1
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Cheeseburgers Plot the original supply of cheeseburgers per week for a small takeaway restaurant, and the new supply curve following a rise in the cost of cheese. |
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Question 2
In the following cases, draw an original supply curve (S) and a new supply curve to the left or right, and label it S1.
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The supply of Economics textbooks, following a fall in the cost of printing.
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Ice cream, following a rise in the cost of milk.
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DVD Players, following the introduction of new technology by DVD manufacturers.
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Underground travel, following a strike by Tube drivers.
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The world supply of oil, following the discovery and refining of large oil reserves in Russia.
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The supply of wine from France, following the imposition of a tax on imported wine.
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The supply of bread in the UK, following the granting of a subsidy by the government to bread producers.