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Ok need help with this pls need help with the first part There is the first parth expl how to do it LAW OF SUPPLY

Ok need help with this

pls need help with the first part

There is the first parth expl how to do it

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LAW OF SUPPLY Directions: This activity has two sections. On the front side, fictional newspaper headlines illustrate the market for chocolate. Determine if the quantity supplied changed (which means only the price of pizza has changed), or if the entire supply has changed. If only quantity supplied chan changed, highlight "No change." If the entire supply has changed, identify if it was an increase or a decrease, and identify which determinant of demand is responsible. Determinants (Factors) of Supply Events that INCREASE Supply Events that DECREASE Supply Cost of production decrease G) Costs of Production increase Technology improves H) Technology becomes outdated Sellers expect good things in the 1) Sellers expect bad things in the future. future D) J) Sellers leave the market E) More Sellers enter the market K) Opportunities in different markets are bad Opportunities in different market are good Unfavorable natural events (e.g. F) Favorable natural events (e.g. weather) L) weather, war, riots, disease etc.) Interpret Headlines from the Market for "CHOCOLATE" and HIGHLIGHT the correct answers and put the correct letter in the Determinant (factors) of Supply ( ) space. 1. Heavy Rain in South America equals large crop of cocoa beans A) INCREASE B) DECREASE C) NO CHANGE -+ Determinant of Supply: ( ) 2. High Gas Prices Causing Problems for the Chocolate industry A) INCREASE B) DECREASE C) NO CHANGE - Determinant of Supply: ( ) 3. Companies Expect Valentines Day Will be Biggest Chocolate Sales in History A) INCREASE B) DECREASE C) NO CHANGE - Determinant of Supply: ( ) Profits from Fruit-flavored Candy Skyrocket A) INCREASE B) DECREASE C) NO CHANGE - Determinant of Supply: ( ) Hershey's Chocolate Company Plans to Close Seven Factories A) INCREASE B) DECREASE C) NO CHANGE - Determinant of Supply: ( ) Price of Chocolate Expected to Increase 30% This Year A) INCREASE B) DECREASE C) NO CHANGE - Determinant of Supply: () New Assembly Line Machines Added to Hershey's Chocolate Factory A) INCREASE B) DECREASE C) NO CHANGE - Determinant of Supply: ( )

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