Q2. Draw graphs to show how each of the following situations affect the supply curve. Also write down which "factor of s

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Q2 Draw Graphs To Show How Each Of The Following Situations Affect The Supply Curve Also Write Down Which Factor Of S 1 (44.15 KiB) Viewed 12 times

Q2. Draw graphs to show how each of the following situations affect the supply curve. Also write down which "factor of supply" is being affected in each case. a) You are an Oil seller. You hear that after 2 months, the price of Oil will go down. How will it affect your current supply of Oil? b) Beef and Leather are complements in production. If the price of Beef increases, how will it affect the supply of Leather? c) If the price of Potatoes increases, how does it affect the supply of French Fries? d) What happens to the supply of Spices if the US government withdraws an embargo on imported Spices from Iran? e) Wheat and Corn are substitutes in production. If the price of Corn increases, what happens to the supply of Wheat? f) What happens to the supply of Chocolates when the number of sellers decrease? g) What happens to the supply of Smartphones as technological advancement takes place? h) What happens to the supply of Cigarettes when a tax is withdrawn? i) Bangladesh government places a Quota on imported clothing from India. What happens to the supply of "Saris" in Dhaka? j) What happens to the supply of Electricity when a subsidy is granted?