AP_Macro_Unit_1_Activity_6 - UNIT 1 Macroeconomics LESSON 3 I ACTIVITY 6 Reasons for Changes in Supply Part A Read the eight newspaper headlines in

AP_Macro_Unit_1_Activity_6 - UNIT 1 Macroeconomics LESSON 3...

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Advanced Placement Economics Macroeconomics: Student Activities© National Council on Economic Education, New York, N.Y.251Reasons for Changes in SupplyPart ARead the eight newspaper headlines in Figure 6.2, and record the impact, if any, of each event on the supply of cars. Use the first column to the right of the headline to show whether the event willcause a change in supply. Use the next column to record whether the change is an increase or adecrease in supply. In the third column, decide whether the supply curve shifts left or right. Finally,write the letter for the new supply curve. Use Figure 6.1 to help you.Always start at curve B,andmove only one curve at a time. Two headlines imply that the supply of cars does not change.SupplyIf Supply Curve ShiftsNewHeadlineShift? (Y / N)Shifts, Inc / DecLeft / RightCurve1.Auto WorkersUnion Agrees to Wage Cuts2.New Robot Technology Increases Efficiency3.Nationwide Auto Strike Began at Midnight4.New Import Quotas Reduce Foreign Car Imports5.

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