Changes in Supply 📈

🎯 Learning Targets

• Explain what it means for a product’s supply to shift
• Identify factors that might cause a product’s supply curve to shift
• Describe the difference between a tax and a subsidy

⏰ What We Did

• Discussed and reviewed the determinants of supply, the non-price factors that shift supply curves
• Used Lesson 4, Part 2 instructional notes to draw — and then shift — supply curves

⚙️ Resources

• The Determinants of Supply (H-3)
• Plotting Supply Curves (A-6)

💻 Homework

• Watch and take notes on Lesson 4, Part 3: Making Production Decisions, before class on Monday