Economics

Unit 1 | Topic 3.6 | Changes in Supply

Why does the supply curve shift?

Objectives

• Explain how factors such as input costs create change in supply.

• Identify three ways that the government can influence the supply of goods.

• Identify other non-price determinants that create changes in supply.

• Explain how firms choose a location to produce goods.

Procedure

1. Review the Aim and notes from your initial text read.

2. Participate in the corresponding lesson topic presentation, revising notes.

3. Watch corresponding video(s); further revising notes.

4. Complete teacher instructed assignments.

Extension

• Prepare for your next class session by reading the next topic section in your text, recording alphanumeric/Cornell notes.

• Complete the next topic's Interactive Reading Notepad.