Name _____________________
Period _______
Date __________
Supply Schedule
Place the following prices and quantities for CDs in the supply schedule. Remember to obey the law of
supply that states there is a direct relationship between price and quantity supplied: the higher the
prices, the more supplied.
Prices: $20.00, $15.00, $10.00, $7.50, $5.00
Quantities: 500, 400, 300, 200, 100
Price of CD’s
Quantity of CD’s Supplied
Name _____________________
Period _______
Date __________
Supply Schedule
Shifter
Increase or Decrease
Left or Right
1
2
3
4
5
6
Determine the shifter, state if supply will Increase or Decrease and indicate if it will shift left or right.
Then on a separate sheet of paper, draw graphs for each situation. Remember to fully label the graphs
for full credit!
Analyze the Supply of Hamburgers
1.
2.
3.
4.
5.
6.
Strange virus kills 20% of Cows
The price of hamburgers increases by 30%
Government taxes burger producers
New bun baking technology cuts production time in half
The government subsidizes beef producers
Minimum wage increases to $20 per hour