Scarcity & Tradeoffs
Market Graphs (Supply, Demand, etc.)
Government Intervention in Market
Firm Graphs (Fixed, Variable, Marginal Cost, etc.)

Shifters of Supply

change in supply refers to the line shifting left or right due to a change in the relationship between the price of a product and the quantity supplied. 

The shifters

Supply will increase...Supply will decrease...
...if expected future prices decrease.

Sneakers & Co. will produce more white sneakers to take advantage of currently high prices before they drop.
...if expected future prices increase.

Sneakers & Co. will hold off on producing more white sneakers until prices rise soon.
Supply will increase...Supply will decrease...
...if cost of inputs decrease.

Sneakers & Co. will produce more white sneakers if the leather to make them starts costing less.
...if cost of inputs increase.

Sneakers & Co. will produce less white sneakers if the leather to make them starts costing more.
Supply will increase...Supply will decrease...
...if technology increases.

Sneakers & Co. will produce more white sneakers if new technology for their shoe machine improves efficiency.
...if technology decreases.

Sneakers & Co. will produce less white sneakers if their shoe machine breaks.
Supply will increase...Supply will decrease...
...if taxes decrease.

Sneakers & Co. will produce more white sneakers if the white sneaker tax gets lifted, reducing costs.
...if taxes increase.

Sneakers & Co. will produce less white sneakers if a white sneaker tax gets implemented, increasing costs.
...if subsidies increase.

Sneakers & Co. will produce more white sneakers if they're getting subsidized to do so.
...if subsidies decrease.

Sneakers & Co. will produce less white sneakers if they get less support from the government in subsidies to produce.
Supply will increase...Supply will decrease...
...if the number of sellers increases.

If Sneakers & Co. is making a killing, more shoe companies will start and will add more white sneakers to the market.
...if the number of sellers decreases.

If Sneakers & Co. and others are struggling, shoe companies will leave the market and there'll be less white sneakers.

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