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

question 83

Multiple Choice

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

-(Exhibit: Demand Shifters and Supply Shifters) The exhibit shows how supply and demand might shift in response to specific events.Suppose a wet and sunny year increases the nation's sweet corn crop by 20 percent.Which panel best describes how this will affect the market for frozen peas, a substitute for sweet corn?

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

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Definitions:

Enlightenment Ideas

Intellectual movements of the 17th and 18th centuries that emphasized reason, individualism, and skepticism towards traditional authority, leading to advances in democracy, human rights, and separation of church and state.

Individual Rights

The liberties and entitlements that individuals are guaranteed under the law, including rights to free speech, privacy, and fair trial.

John Locke

A 17th-century English philosopher and political theorist, known as the "Father of Liberalism", whose ideas on individual rights and government by consent significantly influenced the development of political philosophy and democracy.

Governments

Systems or groups of people governing an organized community, often a state.