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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 the population increases. Which panel BEST describes how this will affect the market for apples?
ROM
Stands for Read-Only Memory, a type of non-volatile memory used in computers and electronic devices to store firmware or application software in a way that is not easily modified.
RAM
Random Access Memory, a type of computer memory that can be accessed randomly and is used for storing data temporarily during operations.
Operating System
The software that manages a computer's hardware resources and provides common services for computer programs.
BIOS
Basic Input/Output System, firmware used to initialize hardware during the booting process and provide runtime services for operating systems.
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