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

question 184

Multiple Choice

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

-(Exhibit: Demand and Supply Shifters) The exhibit shows how supply and demand might shift in response to specific events.Suppose the Surgeon General announces that eating chocolate prevents heart disease.Which panel best describes how this will affect the market for chocolate?

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

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Definitions:

Affluent Nations

Countries with high levels of prosperity and economic wealth, often characterized by high standards of living and well-developed infrastructure.

Poorer Nations

countries with low levels of economic productivity, low per capita income, and generally low standards of living.

Balance

Balance refers to the state of stability and equilibrium, either physically, as in the body's ability to maintain a stable posture, or metaphorically, such as in emotional or mental stability.

Pedal

Pertaining to or operated by the foot or feet, such as bicycle pedals or the pedals of a car.