Use the Following to Answer Question(s): the Determinants of Demand

question 31

Multiple Choice

Use the following to answer question(s) : The Determinants of Demand and Supply

-(Exhibit: The Determinants of Demand and Supply) The exhibit shows how supply and demand might shift in response to specific events.Suppose a new machine is developed that allows restaurants and fast-food outlets to produce French fries at a lower cost.Which panel best describes how this will affect the market for French fries?

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

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