Determinants of Supply
• Mr. Miller p. 1
• Product: John Deere goods
John Deere engineers
developed a new
technology for applying
paint which shifted their
supply curve to the
right
Technology- determinant of
supply
• Improved tech can shift the supply curve
right
• Companies can sell more of a product at
the same price thus increasing revenue
• This is a change in supply due to
Technology
Curve shifts right: JD can make more of their product but charge
the same price
ASSIGNMENT
REQUIREMENTS
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Select a good/service from the central Iowa economy
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Select a determinant of supply
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Identify it
Include pictures (minimum: 2)
Include descriptive notes in the box at the bottom of the slide (“Click to add notes”)
Suggested goods/services: local restaurants, grocery stores, retailers, manufacturers
Create a Power Point similar to this demo
First slide: name, class period, name of good/service
Next: pictures which illustrate the determinant
Next: Include a text slide which provides details of the determinant
Next: Include graphs which demonstrate your understanding of a change in supply and
determinants in general (handwritten or copy&paste)
Print as “notes pages” and hand in
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Do NOT share as a Google doc
DUE: Friday, April 1
Class time to work: March 29 and 31