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 consumer incomes decrease. Which panel BEST describes how this will affect the market for used clothing, an inferior good?
Definitions:
Fiduciary Relationship
A legal or ethical relationship of trust between two or more parties, typically involving the management of money or assets by one party for another.
Agency Relationship
A legal arrangement where one party, the agent, is authorized to act on behalf of another party, the principal, in business transactions or other matters.
Power
The ability or capacity of an individual or group to influence or control the behavior of others or the course of events.
Business Operations
Business operations encompass the day-to-day activities a company engages in to run and achieve its objectives, including production, marketing, and management.
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