In the Diagrams Below, the Subscript "1" Refers to the Initial

question 268

Multiple Choice

In the diagrams below, the subscript "1" refers to the initial position of the curve, while the subscript "2" refers to the final position after the curve shifts.
Which diagram illustrates the effects on the peanut butter market, if severe flooding destroys a large
Portion of the peanut crop in the economy?

• A) A
• B) B
• C) C
• D) D

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