{"id":119169,"date":"2021-01-22T19:48:35","date_gmt":"2021-01-22T19:48:35","guid":{"rendered":"https:\/\/essayparlour.com\/custom-essays\/?p=119169"},"modified":"2021-01-22T19:48:35","modified_gmt":"2021-01-22T19:48:35","slug":"order-the-answer-to-1-a-change-in-supply-causes-a-______-movement-along-shift","status":"publish","type":"post","link":"https:\/\/essayparlour.com\/custom-essays\/business-economics-2\/order-the-answer-to-1-a-change-in-supply-causes-a-______-movement-along-shift\/","title":{"rendered":"Order the answer to: 1. A change in supply causes a ______ (movement along\/shift"},"content":{"rendered":"<table style = 'table-striped table-bordered table-hover' responsive='true'>\n<tr>\n<th>Question<\/th>\n<td>1. A change in supply causes a ______ (movement along\/shift of) the supply curve. A change in quantity supplied causes a ____ (movement along\/shift of) the supply curve. 2. Circle the variables that change as we move along the supply curve for pencils and cross out those that are assumed to be fixed:  Quantity of pencils supplied Price of wood Price of pencils Production technology 3. Arrow up or down: An increase in the price of wood shifts the supply curve for pencils_____; an improvement in pencil-production technology shifts the supply curve for pencils________; a tax on pencil production shifts the supply curve for pencils________. 4. Arrow up or down: An increase in the supply of a product _____ the equilibrium price and____ the equilibrium quantity. 5. If both demand and supply increase simultaneously, the equilibrium price will increase if the change in ______ is relatively large. 6. Arrow up or down: If supply increases while demand decreases, the equilibrium prices will ____. 7. If supply increases while demand decreases, the equilibrium quantity will decrease if the change in _____ (supply\/demand) is relatively large. 8. Effect of Weather on Prices. Suppose a freeze in Florida wipes out 20 percent of the orange crop. How will this affect the equilibrium price and quantity of Florida oranges? Illustrate your answer with a graph. 9. Immigration Control and Prices. Consider the market for raspberries. Suppose a new law outlaws the use of foreign farm workers on raspberry farms, and the wages paid to farm workers increase as a result. Use a demand and supply graph to predict the effects of the higher wage on the equilibrium price and quantity of raspberries. Arrow up or down: The equilibrium price of raspberries will ______, and the equilibrium quantity of raspberries will ___________. 10. Market Effects of Import Ban. Consider the market for shoes in a nation that initially imports half the shoes it consumes. Use a demand and supply graph to predict the market effect of a ban on shoe imports. Arrow up or down: The equilibrium prices will ____, and the equilibrium quantity will_____. 11. Market Effects of a Tax. Consider the market for fish. Use a demand and supply graph to predict the effect of a tax paid by fish producers of $1 per pound of fish. Use a demand and supply graph to predict the market effect of the tax. Arrow up or down: The equilibrium price will ___ and the equilibrium quantity will _____. 12. Innovation and the Price of Mobile Phones. Suppose that the initial price of a mobile phone is $100 and that the initial quantity demanded is 500 phones per day. Use a graph to show the effects of a technological innovation that decreases the cost of producing mobile phones. Label the starting point with a and the new equilibrium with b.  13. Used Cars: Gas Guzzlers versus Gas Sippers. Consider the market for used cars. In 2008, the price of gas rose while the price of used full-size SUVs dropped and the price of used compact cars increased.  a. Use a supply demand graph to show the effects of a higher gasoline price on the market for used full size SUVs. b. Use a supply demand graph to show the effects of a higher gasoline price on the market for used compact cars.<\/td>\n<\/tr>\n<tr>\n<th>Subject<\/th>\n<td>business-economics<\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Question<br \/>\n1. A change in supply causes a ______ (movement along\/shift of) the supply curve. A change in quantity supplied causes a ____ (movement along\/shift of) the supply curve. 2. Circle the variables that change as we move along the supply curve for <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[],"class_list":["post-119169","post","type-post","status-publish","format-standard","hentry","category-business-economics-2"],"_links":{"self":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/119169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/comments?post=119169"}],"version-history":[{"count":1,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/119169\/revisions"}],"predecessor-version":[{"id":119170,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/posts\/119169\/revisions\/119170"}],"wp:attachment":[{"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/media?parent=119169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/categories?post=119169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/essayparlour.com\/custom-essays\/wp-json\/wp\/v2\/tags?post=119169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}