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Use the following to answer questions:
Figure: Shifts in Demand and Supply Use the following to answer questions: Figure: Shifts in Demand and Supply   -(Figure: Shifts in Demand and Supply)  Look at the figure Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose the population increases. Which panel BEST describes how this will affect the market for apples? A) panel A B) panel B C) panel C D) panel D
-(Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply. The figure shows how supply and demand might shift in response to specific events. Suppose the population increases. Which panel BEST describes how this will affect the market for apples?


Definitions:

GI Bill

A law passed in 1944 that provided a range of benefits for returning World War II veterans (commonly referred to as GIs).

Homeowners

Individuals who own their homes, possessing both the dwelling and the land on which it stands.

Suburbs

Residential areas located on the outskirts of a city or large town, typically characterized by lower population density than urban centers and a higher proportion of single-family homes.

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