Saturday, January 16, 2016

SUPPLY Cheat Sheet!

SUPPLY CURVE SHIFTS!

Alright everyone! There's a cheat sheet to understanding how and why Supply Curve Shifts happen on graphs!

The top picture is Figure 1 and the bottom picture is Figure 2
Figure 1                                                      Figure 2
- Cost of Production ↑                              -Cost of Production ↓ 
- Technology ↓                                         -Technology ↑
- Taxes ↑                                                 - Taxes ↓ 
- Subsidies ↓                                            - Subsidies ↑
- Number of Sellers ↓                               - Number of Sellers ↑ 
- Weather ↓                                              - Weather ↑  


-JaelyNoTainted 
Like Jaelyn (SPACE) Not (SPACE) Tainted
Get it? 

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