Use the Following to Answer Question(s): Demand Shifters and Supply

question 83

Multiple Choice

Use the following to answer question(s) : Demand Shifters and Supply Shifters

-(Exhibit: Demand Shifters and Supply Shifters) The exhibit shows how supply and demand might shift in response to specific events.Suppose a wet and sunny year increases the nation's sweet corn crop by 20 percent.Which panel best describes how this will affect the market for frozen peas, a substitute for sweet corn?

• A) Panel (a)
• B) Panel (b)
• C) Panel (c)
• D) Panel (d)