username2315623
Badges: 10
Rep:
?
#1
Report Thread starter 4 years ago
#1
Could someone send sketch of a graph showing an inward shift in supply and a fall in quantity?

Thanks!
0
reply
username2944572
Badges: 14
Rep:
?
#2
Report 4 years ago
#2
Name:  1487276338255-1870334244.jpg
Views: 65
Size:  352.5 KB

What do you find difficult?
1
reply
username1208193
Badges: 20
Rep:
?
#3
Report 4 years ago
#3
Draw a normal market supply and demand diagram with the market equilibrium price and quantity w/ your supply and demand curves. To show an inwards shift in supply, you have to draw a second supply curve parallel to the market supply curve. It's asking you to show an inwards shift, so that gives it away to be honest. Then, mark your new equilibrium points of price and quantity and say how quantity has decreased. Quantity decreases when supply shifts inwards because you have less of something. Less supply is indicated by an inwards shift in the supply curve. I'm really surprised you don't know how to show a shift such as this as this is quite a basic topic and is fairly easy to understand? You can always use Google as well.
0
reply
username1208193
Badges: 20
Rep:
?
#4
Report 4 years ago
#4
http://www.tutor2u.net/economics/ref...-market-supply
0
reply
X

Quick Reply

Attached files
Write a reply...
Reply
new posts
Back
to top
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise

Do you think receiving Teacher Assessed Grades will impact your future?

I'm worried it will negatively impact me getting into university/college (199)
43.64%
I'm worried that I’m not academically prepared for the next stage in my educational journey (51)
11.18%
I'm worried it will impact my future career (35)
7.68%
I'm worried that my grades will be seen as ‘lesser’ because I didn’t take exams (97)
21.27%
I don’t think that receiving these grades will impact my future (47)
10.31%
I think that receiving these grades will affect me in another way (let us know in the discussion!) (27)
5.92%

Watched Threads

View All
Latest
My Feed

See more of what you like on
The Student Room

You can personalise what you see on TSR. Tell us a little about yourself to get started.

Personalise