Use the following to answer questions :
Figure: Shifts in Demand and Supply II 
-(Figure: Shifts in Demand and Supply II) Look at the figure Shifts in Demand and Supply II. The graph shows how supply and demand might shift in response to specific events. Suppose a drought destroys one-third of the nation's peanut crop. Which panel BEST describes how this will affect the market for peanuts?
Definitions:
Monopolist
A monopolist is a producer or provider who has exclusive control over the supply of a particular good or service, enabling them to significantly influence or set prices.
Profit-Maximizing
A strategy adopted by businesses aiming to achieve the highest possible profit given the constraints they face.
Quantities
Numerical amounts or counts of items, goods, or materials.
Third-Degree Price Discrimination
A pricing strategy where different prices are charged to different customer groups based on their elasticity of demand.
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