Shifts in Supply Scenarios
Given below is the production scenario of eggs in the market.
Supplier A has a poultry farm and he is selling 100 eggs everyday. Find out what will happen to the supply curve in the following cases?
1. There is a spread of diseases among the hens
2. There is a subsidy that Government announced for production of eggs
3. There is an increase in the import of eggs from other countries.
1. Shifting of supply curve to the left due to the disease.