FNBE 0115 Principles of Economics Presentation 2 - Questions

1. Shifts & Movements
• Here’s a few quiz questions:
– Draw the supply curve(s) for:
• Mobile phones as its manufacturing technology has
become more efficient.
• Green-energy cars as the government provides a
$10,000 subsidy for every car produced.
• Toys as many toy manufacturers have gone belly up
during a recession.
• Red ball pen when the selling price for blue ball pen
has increased.
• Furniture when its cost of materials has declined.

2. Shifts & Movements
• Here’s a few quiz questions:
– Draw the supply curve(s) for:
• Books when government increases the tax rates
charged on booksellers.
• Carrots now when farmers expect its selling price to go
down next month.
• Apartments when a number of new construction firms
have joined the market.