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5. storms ruin citrus crops in florida. graph what will happen to the s…

Question

  1. storms ruin citrus crops in florida. graph what will happen to the supply of oranges
  2. the cost of steel plummets. graph what happens to the supply of cars.
  3. the price of wheat is expected to fall next week. graph what happens to the supply of wheat.
  4. high profits increase the number of cell - phone manufacturers. graph what will happen to the supply of cell - phones.

Explanation:

Step1: Analyze orange - supply situation

Storms ruin crops, reducing supply. Supply curve shifts left.

Step2: Analyze car - supply situation

Steel cost drops, production cost falls, supply increases. Supply curve shifts right.

Step3: Analyze wheat - supply situation

Expected price fall next week. Producers supply more now. Supply curve shifts right.

Step4: Analyze cell - phone supply situation

More manufacturers due to high profits. Supply increases. Supply curve shifts right.

Answer:

  1. Supply curve of oranges shifts left.
  2. Supply curve of cars shifts right.
  3. Supply curve of wheat shifts right.
  4. Supply curve of cell - phones shifts right.