Question
Reasons for changes in Supply. For the following questions decide if the event will cause a change in market supply, and if the event would
Reasons for changes in Supply.
For the following questions decide if the event will cause a change in market supply, and if the event would the change increase of decrease the market supply of wooden baseball bats?
1) Event: If logging companies can no longer clear-cut forests in their effort to harvest trees.
2Event: The prices of bats decrease.
3)Event: The prices of walking sticks and canes made from wood rise dramatically.
4)Event: The wood worker' union wins a 10% increase in wages.
5)Event: NCAA announces that its collegiate teams must use wooden baseball bats starting in 2022.
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