Determinants of Supply (Non-Price Factors that Influence Supply)
Directions: Read each of the scenarios and determine which determinant of supply will cause a shift in the supply curve. Then draw the new supply curve and label it S2.
***Remember: Determinants of Supply include…
-Input prices -Technology -Government Intervention -Number of Sellers -Price of Related Goods -Producer Expectations
1. There is an unexpectedly large crop of tomatoes this year. What happens to the supply curve for ketchup?
Determinant: ______Supply: ______Shift: ______
2. Uh oh…the price of a hotdogs has reached an all-time high, hot dogs now cost an arm and a leg. What happens to the supply curve for ketchup?
Determinant: ______Supply: ______Shift: ______
3. UGA has decided to allow outside companies, such as The Varsity, to begin selling hotdogs at Sanford Stadium. How might this affect the supply of hotdogs?
Determinant: ______Supply: ______Shift: ______
4. The University or Georgia was ranked in the AP Poll’s Top 10 in the pre-season rankings. How might this affect the supply curve for red pom-poms?
Determinant: ______Supply: ______Shift: ______
5. The State of Georgia, realizing that UGA is the premier football team in the state, requires all companies producing Georgia Tech spirit wear to pay an extra fee. What might this do the supply of Georgia Tech t-shirts?
Determinant: ______Supply: ______Shift: ______
6. In an effort to reduce the wait time in-line at the concession stands, UGA has invested in a new device that allows you to order your food from your seat and go pick it up when it is ready. What might this do to the supply of food and drinks and Sanford Stadium?
Determinant: ______Supply: ______Shift: ______
7. Due to a recent scare of Mad Cow Disease, the State of Georgia requires that all hamburger meat must be screened and tested before and after cooking. How might this affect the supply of hamburgers at Sanford Stadium?
Determinant: ______Supply: ______Shift: ______
8. Due to the high price of manufacturing nacho cheese, the govt. makes (legal) private payments to nacho cheese producers in order to keep the cost low for consumers. How might this affect the supply of nachos at Sanford Stadium?
Determinant: ______Supply: ______Shift: ______