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 half the people in San Diego move to Colorado Springs.Which panel best describes how this will affect the market for houses in Colorado Springs?
Definitions:
Designated Date
A specific date that has been appointed or set aside for a particular purpose or event.
Collecting Bank
A collecting bank is a bank that handles the collection of payments on behalf of a depositor, including processing checks and drafts.
Federal Reserve Bank
The central banking system of the United States, responsible for determining national monetary policy and regulating financial institutions.
Depository Bank
A financial institution where securities and assets are stored and managed on behalf of their clients.
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