Use the Following to Answer Questions

question 112

Multiple Choice

Use the following to answer questions:
Figure: Shifts in Demand and Supply
-(Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose a fall frost destroys one-third of the nation's orange crop. Which panel BEST describes how this will affect the market for vitamin C tablets, which are a substitute in consumption for oranges?

• A)panel A
• B)panel B
• C)panel C
• D)panel D

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Definitions:

Credit Card Use

The action or practice of purchasing goods or services using a credit card as the method of payment.

Sample Size

The number of observations or elements chosen from a population for the purpose of statistical analysis.

Confidence

The feeling or belief that one can have faith in or rely on someone or something.

Environmental Initiative

An environmental initiative is a project or program aimed at promoting sustainability, conserving natural resources, reducing pollution, and protecting ecosystems.