Econ

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Storyboard Text

  • This scene is about a cop pulling over an illegally imported car that is banned by the government. This is an example of an import ban.
  • Because of the import ban, the shift of the supply curve should be left, and ultimately be zero because none of these cars are allowed on American soil.
  • If an illegally imported car is caught by a cop, it will be towed away and crushed without a second chance.
  • This scene is about the decrease in input cost in order to manufacture medical herbs.
  • Because it costs less to produce these medicines, medical companies can make more medical herbs for consumers.
  • This will shift the supply curve right because supply will increase, due to it being cheaper to produce, which also means more supply to be sold for people who need medical herbs.
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