Use the following to answer questions :
Figure: Shifts in Demand and Supply II 
-(Figure: Shifts in Demand and Supply II) Look at the figure Shifts in Demand and Supply II. The graph shows how supply and demand might shift in response to specific events. Suppose a drought destroys one-third of the nation's peanut crop. Which panel BEST describes how this will affect the market for peanuts?
Definitions:
Property Tax Rates
The rate at which property in a particular area is taxed.
Hobby Farms
Small-scale farms operated more for leisure and enjoyment than for profit, often focusing on the cultivation of food for the family or specialty crops.
Percent More
A term used to describe how much one quantity is larger than another as a percentage of the second quantity.
Increased By
A term used to indicate that a quantity is being added to, or grown in value or amount.
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