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Figure: Shifts in Demand and Supply III
-(Figure: Shifts in Demand and Supply III) Look at the figure Shifts in Demand and Supply III. The figure shows how supply and demand might shift in response to specific events. Suppose a spring frost destroys one-third of the nation's artichoke crop. Which panel BEST describes how this will affect the market for mayonnaise, which is a complement to artichokes?
Bailor
The owner of bailed property; the one who delivers personal property to another to be held in bailment.
Property
Assets or possessions belonging to an individual or entity, which can include physical items, real estate, intellectual property, and other rights of ownership.
Bailment
A legal relationship in which physical possession of personal property is transferred from one person to another with the understanding that the property will be returned.
Personal Property
Movable items owned by an individual as opposed to real estate or land.
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