Ch.5 section 3: guided reading and review changes in supply a. as you read as you read section 3, supply information to complete each statement in the spaces provided. 1. unable to control price, a profitable producer faced with rising labor and/or materials costs will . 2. new technology affects supply by . 3. european governments’ reasons for subsidizing food producers include . 4. in the past, western european governments subsidized banks and airlines by . 5. the united states government subsidizes such industries as . 6. an excise tax increases production costs by . 7. consumers may be unaware of excise taxes because . 8. government regulations often reduce supply because . 9. during periods of inflation, suppliers may temporarily withhold goods that can be stored for long periods because . answers