Use the Following to Answer Questions

question 41

Multiple Choice

Use the following to answer questions :
Figure: Shifts in Demand and Supply IV
-(Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV. The figure shows how supply and demand might shift in response to specific events. Suppose half of the people in San Diego pack up and move to Colorado Springs. Which panel BEST describes how this will affect the supply of houses in San Diego?

• A)panel A
• B)panel B
• C)panel C
• D)panel D

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Definitions:

Linear Programming

A mathematical technique for maximizing or minimizing a linear objective function, subject to linear equality and linear inequality constraints.

Constraints

are limitations or restrictions that affect the planning and execution of projects, including time, budget, materials, and human resources.

Shadow Price

The monetary value assigned to one additional unit of a resource in the context of a constrained optimization problem.

Assembly Time

The total time required to put together various components or subsystems into a finished product.