Use the following to answer questions:
Figure: Shifts in Demand and Supply 
-(Figure: Shifts in Demand and Supply) Use Figure: Shifts in Demand and Supply.The figure shows how supply and demand might shift in response to specific events.Suppose a fall frost destroys one-third of the nation's apple crop.Which panel BEST describes how this will affect the market for apples?
Definitions:
Supplies Expense
Costs associated with consumable items used during the operation of a business, such as office supplies or manufacturing materials.
Inventory
Materials and goods a business holds for the ultimate goal of resale or processing in the manufacturing process.
Purchase
Acquiring goods or services in exchange for money or other compensation.
Adjusted Trial Balance
A list of all accounts and their balances after adjustments are made for accruals, deferrals, and estimated items.
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