Use the following to answer questions:
Figure: Shifts in Demand and Supply III 
-(Figure: Shifts in Demand and Supply III) Use 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?
Definitions:
Variable Costing
A costing method that includes only variable production costs (direct material, direct labor, and variable manufacturing overhead) in product costs.
Net Operating Income
A company's total earnings from its operations, excluding non-operating income and expenses, interest, and taxes.
Absorption Costing
This accounting strategy entails calculating a product's cost by including all costs related to its manufacturing, comprising direct materials, direct labor, and all categories of manufacturing overhead, both variable and fixed.
Variable Costing
A costing method that includes only variable production costs (direct materials, direct labor, and variable overhead) in product costs, excluding fixed overhead.
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