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Name Selvir Jaco Reasons for Changes in Supply Baseball Bat Production A B C D E Price (P) Baseball Bats (Q) PART A. Read the following eight newspaper headlines. In each case decide if the event will cause a change in the market supply of baseball bats. If so, determine if it is an increase or a decrease, and write the correct answer. Begin at curve C. If you think headline 1 means there will be a decrease in supply, write "decrease" in the first blank and "B" in the second blank; move to curve B to do headline 2. If you think supply will increase, write "increase" and "D" in the blanks for headline 1; move to curve D to do headline 2. If no change, write "N.C." Move only one curve at a time. Do not skip from, say, A to C, even if you think the headline means there will be a large change in supply. Do not go beyond the five curves. If you are at A and the next headline implies a decrease in supply, you goofed somewhere. There is one headline that implies that the supply for baseball bats does not change. 1. Congress grants subsidies to baseball bat manufacturers in an effort to boost the love for America's favorite pastime-baseball! Supply Curve 2. New invention: the "Multi-Lathe"; can turn out 10 bats at a time Supply Curve