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For each market, identify whether each of the following trends represents an increase or decrease in supply or an increase or decrease in quantity supplied.
For each market, identify whether each of the following trends represents an increase or decrease in supply or an increase or decrease in quantity supplied. How would you describe this change in graphical terms? a. A drop in the price of sardines affects how much shers catch and offer for sale. In the market for sardines this represents a(n) (Click to select) v in (Click to select) v . In graphical terms, this is represented by 0 a leftward shift in the supply curve 0 a movement up and to the right along a stationary supply curve 0 a movement down and to the left along a stationary supply curve 0 a rightward shift in the supply curve b. A new more efficient saltextraction technique affects the market for salt. In the market for salt this represents atn) (Clickto select) v in (Click to select) v 0 a movement down and to the left along a stationary supply curve 0 a rightward shift in the supply curve 0 a movement up and to the right along a stationary supply curve 0 a leftward shift in the supply curve . In graphical terms. this is represented by c. A rise in the price of asparagus changes the amount farmers choose to offer for sale. In the market for asparagus this represents a(n) {Click to select) v in (Click to select) v . In graphical terms, this is represented by O a leftward shift in the supply curve 0 a rightward shift in the supply curve 0 a movement up and to the right along a stationary supply curve 0 a movement down and to the left along a stationary supply curve d. A decrease in the number of lobster shers affect supply conditions for this product. In the market for lobster this represents a(n) (Clickto select) v in {Click to select) v . In graphical terms, this is represented by O a leftward shift in the supply curve 0 a rightward shift in the supply curve 0 a movement up and to the right along a stationary supply curve 0 a movement down and to the left along a stationary supply curve
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