Use the Following to Answer Questions

question 271

Multiple Choice

Use the following to answer questions:
Figure: Shifts in Demand and Supply
-(Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose scientists discover that eating a tomato a day prevents aging. Which panel BEST describes how this will affect the market for tomatoes?

• A)panel A
• B)panel B
• C)panel C
• D)panel D

---

Definitions:

Numerical Labels

Represent identifiers in the form of numbers, used for categorization or sorting purposes.

Isoquants

Curves on a graph that represent combinations of different inputs that produce the same level of output.

Marginal Returns

The additional output resulting from a one-unit increase in the use of a variable input, keeping all other inputs constant.

Technical Efficiency

The ability of an entity to maximize output for a given set of inputs, using the least possible amount of resources.