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 figure shows how supply and demand might shift in response to specific events. Suppose the birthrate decreases. Which panel BEST describes how this will affect the market for diapers?
Definitions:
Contracting Parties
The entities (individuals or companies) that enter into a contractual agreement, each undertaking specific obligations outlined within.
Courts Presume
The principle that courts assume certain facts to be true until proven otherwise, under specific legal doctrines or in the absence of evidence to the contrary.
Insurance Contract
An agreement between an insurer and a policyholder in which the insurer promises to pay for specific losses or damages in exchange for premiums paid by the policyholder.
Void
A term describing a contract or legal obligation that is null, having no legal force or effect from the beginning.
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