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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 a fall frost destroys one-third of the nation's orange crop. Which panel BEST describes how this will affect the market for oranges?
Aggregate
A total or combined amount, sum, or mass made up of distinct or varied parts.
Inventories
Quantities of goods or materials that a business holds for the purpose of sale or production, representing a current asset on the company’s balance sheet.
Fast Mode
A rapid operation or processing speed in a system, aiming to reduce time without compromising efficiency.
Zygomatic Arch
A bone that forms the prominence of the cheek; it acts as the bridge between the zygomatic bone on the side of the face and the temporal bone of the skull.
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