Shifts in Supply: Grade 9 Economics
Explore the factors that cause shifts in the supply curve and their impact on market equilibrium.
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Shifts in Supply: Grade 9 Economics
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Read each question carefully and provide your best answer. This worksheet assesses your understanding of factors that cause shifts in the supply curve.
1. Which of the following would cause the supply curve for smartphones to shift to the right?
An increase in the price of smartphone components.
A decrease in the number of smartphone manufacturers.
A technological advancement in smartphone production.
An increase in taxes on smartphone production.
2. If the government provides a subsidy to corn farmers, what effect will this likely have on the supply of corn?
The supply curve will shift to the left.
The supply curve will shift to the right.
There will be a movement along the supply curve.
The supply curve will become steeper.
1. An increase in the cost of labor will cause the supply curve to shift to the right.
True
False
2. Improved technology generally leads to a decrease in supply.
True
False
1. A shift in the supply curve to the left indicates a/an in supply.
2. When the price of resources used in production increases, the supply curve will shift to the .
3. The expectation of future price can cause producers to alter their current supply.
1. Explain the difference between a 'change in quantity supplied' and a 'shift in supply.'
2. List three factors that can cause a supply curve to shift.