WHITEBOARD

QUESTIONS

The supply of cars

when open-trade
agreements bring in
new producers.

Shift right
Increase in producers

The supply of coffee

when freezing
temperatures hit the
major coffee-producing
regions of Brazil and
Costa Rica.

Shift left
Natural disaster decreases inputs

The supply of
lumber when a new
computer assisted
saw reduced the
cost of lumber
production.

Shift right
New technology decreases production costs

The supply of
gasoline today if
there is an expected
shortage and higher
prices likely to occur
next week.

Sellers want higher

future prices, so
they will decrease
their supply today.