For each of the following situations in the Australian crocodile market, determine whether the quantity supplied changes, or whether the supply curve shifts and determine the direction of the change.
a. a number of crocodile farms and ranches closes, ceteris paribus
b. Professor Webb develops an antibiotic that ensures more hatchlings survive on ranches
c. the cost of meat to feed crocodiles rises
d. Thailand announces it is going to increase the number of crocodile farms in the next five years

Question

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The Answer of For each of the following situations in the Australian crocodile market, determine whether the quantity supplied changes, or whether the supply curve shifts and determine the direction of the change.
a. a number of crocodile farms and ranches closes, ceteris paribus
b. Professor Webb develops an antibiotic that ensures more hatchlings survive on ranches
c. the cost of meat to feed crocodiles rises
d. Thailand announces it is going to increase the number of crocodile farms in the next five years

For Each of the Following Situations in the Australian Crocodile