Activity 2c: Analysing supply
Eggs | Disease affecting poultry | Decrease | Climatic and other supply disruptions |
Tickets to the AFL Grand Final | An increase in the price of ticket prices | No change | Although the price increases, the number of tickets can’t expand due to capacity constraints |
Bottle of kombucha | A drought | Decrease | Climatic conditions |
Guitars | An increase in the price of wood | Decrease | Cost of production |
Mini Cooper Vehicles | An increase in labour productivity in the factory. | Increase | Productivity |
Haircuts | People are replaced by robots in the hairdressing industry | Increase | Technological change |
Coffee | A frost in Brazil | Decrease | Climatic conditions |
Lawn mowing services | An increase in the profitability of providing this service | Increase | Number of suppliers |
Economists’ services | An increase in the HECS fees required to study Economics at university | Decrease | Costs of production |
Petrol | The invasion of Ukraine by Russia | Decrease | supply disruption |
Airline flights | Technological change that enables the firm to use less jet fuel | Increase | Costs of production/productivity |