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Use the following to answer questions:
Figure: Shifts in Demand and Supply IV Use the following to answer questions: Figure: Shifts in Demand and Supply IV   -(Figure: Shifts in Demand and Supply IV) Use 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 Vancouver pack up and move to Calgary.Which panel BEST describes how this will affect the supply of houses in Vancouver? A)  Panel (a)  B)  Panel (b)  C)  Panel (c)  D)  Panel (d)
-(Figure: Shifts in Demand and Supply IV) Use 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 Vancouver pack up and move to Calgary.Which panel BEST describes how this will affect the supply of houses in Vancouver?


Definitions:

Contract

An enforceable pact by law that involves two or more individuals or groups.

Legal Capacity

The capability recognized by law for a person to act in a particular role or enter into a contract, often related to age and mental soundness.

Express Authority

The power granted to an agent or representative explicitly stated by the principal in a written or oral form.

Actual Authority

The express and implied powers given by a principal to an agent for carrying out specific transactions.

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