Use the following to answer questions :
Figure: Shifts in Demand and Supply II 
-(Figure: Shifts in Demand and Supply II) Look at the figure Shifts in Demand and Supply II. The graph shows how supply and demand might shift in response to specific events. Suppose consumer incomes decrease. Which panel BEST describes how this will affect the market for used clothing, an inferior good?
Definitions:
Perceived Conflict
A situation where an individual or group believes there is a discrepancy or opposition between themselves and others, regardless of whether it is objectively present.
Antecedent Conditions
Pre-existing factors or states that influence the outcome or nature of processes or events.
Conflict Resolution
The process of resolving a dispute or disagreement between parties through negotiation, mediation, or other peaceful methods.
Dysfunctional Conflict
Works to the group’s or organization’s disadvantage.
Q32: A price below the equilibrium price will
Q40: (Table: Producer Surplus) Look at the table
Q56: (Table: The Demand for Chocolate-Covered Peanuts) Look
Q84: When a market is in equilibrium and
Q94: Governments continue to impose price controls. Which
Q199: A price floor is likely to cause
Q230: Which of the following is TRUE of
Q272: (Scenario: Linear Production Possibility Frontier) Look at
Q286: An increase in demand and a decrease
Q304: (Figure: Production Possibility Frontier) Look at the