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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 graph shows how supply and demand might shift in response to specific events. Suppose a new machine 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?
Autonomy
The ability or right of individuals or entities to govern themselves or make their own decisions without external control.
Part-Time Work
Employment that does not meet the hours required for full-time status, often offering flexibility but potentially fewer benefits.
Economy
The system of production, distribution, and consumption of goods and services within a particular geographic region or country.
Work Schedule
refers to the planned hours of work for an employee, including start and end times, breaks, and any variations over days or weeks.
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