Supply Practice: Impact, Determinant, and Graph
Read each situation carefully. First, choose the impact on supply. Only if there is an increase or decrease in supply, choose the non-price determinant. Finally, pick the graph that best represents the situation.
Situation 1 of 10
Situation
Step 1 – What is the impact on supply?
Choose exactly one option.
Step 2 – If supply shifts, what non-price determinant changed?
Only required when there is an increase or decrease in supply.
Step 3 – Which graph shows what happens?
Choose the graph that best represents the impact you identified.