For each of the four scenarios below, draw supply curves to illustrate the effects of the factor that is changing.
(i) The demand for rice falls. What happens to the supply of rice?
(ii) The demand for electric vehicles rises in Canada. What happens to the supply curve for electric vehicles in Canada?
(iii) The Canadian dollar weakens against the U.S. dollar. In Canada, what happens to the supply of Canadian products that are made using U.S. inputs?
(iv) The U.S. dollar strengthens against the Canadian dollar. In the United States, what happens to the supply of U.S. products that are made using Canadian inputs?

Question

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The Answer of For each of the four scenarios below, draw supply curves to illustrate the effects of the factor that is changing.
(i) The demand for rice falls. What happens to the supply of rice?
(ii) The demand for electric vehicles rises in Canada. What happens to the supply curve for electric vehicles in Canada?
(iii) The Canadian dollar weakens against the U.S. dollar. In Canada, what happens to the supply of Canadian products that are made using U.S. inputs?
(iv) The U.S. dollar strengthens against the Canadian dollar. In the United States, what happens to the supply of U.S. products that are made using Canadian inputs?

For Each of the Four Scenarios Below, Draw Supply Curves