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Change In Supply

Published on Nov 30, 2015

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PRESENTATION OUTLINE

1.

IMPUT COSTS

  • Scenario : if you sell cars for a living. It costs $1000 to produce a car; the price to produce a car goes from $1000 to $10,000 because of a steel shortage.
  • Answer: supply will decrease
  • Reason: raw materials
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2.

TECHNOLOGY

  • Apple has robots that now make phones 3 times as fast. What will happen to supply?
  • Answer: it will increase substantially
  • 3. Factor: technology
Photo by ElDave
3.

GOVERNMENT INFLUENCE

  • Seeing the need for people to behave more safely, the government decides to tax people who aren't wearing a helmet while riding a bike. What will happen to the demand for helmets?
  • Answer: it will increase.
  • Factor: government influence
Photo by Camil Tulcan
4.

SUPPLIER EXPECTATION

  • Scenario; Kroger finds out that Meijer may be going out of business. What will happen to he supplies of Kroger?
  • Answer; they will go up in expectation of new customers.
  • Factor: supplier expectation
Photo by Reid Rosenberg
5.

NUMBER OF SELLERS

  • Scenario; if the factories of people supplying nike shoes decreases, what will happen to the supply of nike shoes?
  • Answer: Then the suppliers will increase because people will need businesses to create more of that good.
  • Factor: number of sellers
Photo by Yanki01

Barbara Clark