Explain the following:

Name: Period: Supply Worksheet Directions: Flead each scenario. Illustrate the change in supply or change in quantity supplied for the good mentioned in each scenario on the graphs provided. Write if it was a change in supply or a change in guantity supplied. List the determinant. 1. Leather has become more expensive. 2. Wheat farmers have been given subsidies. Supply of Leather Shoes Supply of Wheat 81 S] Price Price Quantity Quantity Change in supply or quantity supplied: Change in supply or quantity supplied: Determinant: Determinant: 3. Workers in a furniture factory have gone 4. Television shows like Ace of Cakes and on strike and are no longer working to make Cake Boss inspired cake makers to enter the new furniture. cake-making industry. Supply of Furniture Supply of Cake 81 81 Price Price Quantity Quantity Change in supply or quantity supplied: Change in supply or quantity supplied: Determinant: Determinant: 5. CD prices have been lowered. Supply of CDs 81 Price Quantity Change in supply or quantity supplied: Determinant: 7. Production at a burger chain had been slow, but the owners invested in a new, fast- cooking grill and fryer. Supply of Burgers 81 Price Quantity Change in supply or quantity supplied: Determinant: 6. The Halloween season is approaching. Supply of Costumes 81 Price Quantity Change in supply or quantity supplied: Determinant: 8. New government regulations have been placed on video game makers, requiring each game to be inspected before it hits stores. Supply of Video Games 81 Price Quantity Change in supply or quantity supplied: Determinant