Activity 01
Graphing Stations: Supply Shifts
Prepare four stations, each with a scenario card on input costs, technology, subsidies, or taxes. Small groups draw the original supply curve, apply the change to shift it, and predict the new equilibrium price with demand. Groups rotate every 10 minutes and share one insight with the class.
Analyze how changes in input costs affect a firm's supply decisions.
Facilitation TipDuring Graphing Stations, circulate with a checklist to ensure each group labels both axes and uses consistent scales before shifting curves.
What to look forPresent students with a scenario: 'The price of lumber, a key input for furniture making, has increased significantly.' Ask them to draw a supply curve for furniture and show how it shifts, labeling the initial and new curves and explaining the direction of the shift.