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Directions: Using the supply graph for Little John '5 Burgers and what you have learned, answer each of the questions below. 1. As the price

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Directions: Using the supply graph for Little John '5 Burgers and what you have learned, answer each of the questions below. 1. As the price of John's burgers increases, what happens with the supply? 2. What happens with the supply of burgers, if the price drops? 3. If there was an increase the production cost of making a burger, what would occur with the amount supplied? a. Would this change cause the supply curve to shift to the right or left? 4. What would happen to the supply of burgers in the city, if three more burger restaurants opened by Little John's Burgers? a. Would this change cause the supply curve to shift to the left or right? 5. What if the government decided to place a high tax on all restaurants that serve burgers, what would happen with supply? a. Would this cause the supply curve to shift to the right or left? 6. What would occur with the supply of burgers, if Little John's bought some new technology that made his burgers cheaper and faster? a. Which way would the supply curve shift

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