Which of the graphs below most closcly depicts: 16) suppliers\' willingness to p

Question

Which of the graphs below most closcly depicts: 16) suppliers' willingness to produce a good, after they are able to replace laborers with low-cost, highly cfficient robots and software? ) Graph A 2) Graph B 3 Graph C 4) Graph D 5) [not enough information to answer] 17) suppliers' willingness to produce a good, after laborers have formed a labor union and demanded higher wages? 1) Graph A 2Graph B 3 Graph C 4) Graph D 5) not enough information to answer 18) suppliers' willingness to produce a good in the days following a military invasion of the region their production facilities are located? 1) Graph A 2Graph B Graph C 4) Graph D 5) [not enough information to answer 19) the effect on domestic suppliers of an increase in imports of goods produced abroad? 1) Graph E 2 Graph F 3Graph G 4) Graph H 5) not enough information to answer] 20) a minimum output level, intended to alleviate a perceived shortage? Graph E 2 Graph F Graph G 4) Graph H 5) not enough information to answer] 21) a cap on output, in order to reverse export 'dumping' or predatory pricing? I) Graph E 2 Graph F Graph G 4 Graph H 5) not enough information to answer] 22) the effects of a minimum wage increase? ) Graph E 2Graph F 3 Graph G 4) Graph H ) no enough information to answer 23) a good with very high own-price supply elasticity? Graph I 2) Graph J 3Graph K Graph L 5) not enough information to 24) a good with very high own-price demand elasticity? 1Graph I 2 Graph J 3Graph K 4) Graph L 5) not enough information to answer] 25) a good with very low own-price supply clasticity? 1 Graph I 2 Graph J Graph K 4) Graph L 5 not enough information to to answer

Explanation / Answer

Answer.) Q16.) Graph C

Lower labor costs will reduce overall cost of production and would shift supply curve rightward.

Q17.) Graph D

Higher labor costs will raise overall cost of production and would shift supply curve leftward.

Q18.) Graph D

Military invasion will destroy the local production facilities. This would shift supply curve leftward.

Q19.) Graph F

Increase in imports would increase in supply of goods in the economy and would force equilibrium price to decrease. This , in turn, will upset home producers as they will be willing to produce less output  ( Qs ) at lower price level.

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