Use the Following to Answer Question

question 92

Multiple Choice

Use the following to answer question:
-(Figure: Shifts in Demand and Supply) Use Figure: Shifts in Demand and Supply.The figure shows how supply and demand might shift in response to specific events.Suppose the population increases.Which panel BEST describes how this will affect the market for apples?

• A)Panel A
• B)Panel B
• C)Panel C
• D)Panel D

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Definitions:

Torts

Legal wrongs committed against a person or property, excluding breach of contract, for which the law provides a remedy in the form of an action for damages.

Principal

The main party to a transaction or agreement, often responsible for the obligations and benefits that arise from the contract.

UPA

Uniform Partnership Act, a standardized set of laws to govern the formation, operation, and dissolution of partnership businesses in the United States.

Liability

A legal responsibility or obligation, often involving the requirement to compensate for loss or damage.