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 figure shows how supply and demand might shift in response to specific events. Suppose the technology for producing ethanol fuel improves. Which panel BEST describes how this will affect the market for ethanol?
Definitions:
Fallacy of Composition
The erroneous belief or argument that what is true for a part is necessarily true for the whole, or that what holds for individual members of a group must necessarily hold for the group as a whole.
Nearest Exit
The closest point of egress from a building, vehicle, or area, often highlighted as part of safety protocols.
Large Audience
A substantial number of viewers, listeners, or spectators gathered for an event or through a broadcast media platform.
No Free Lunch
A principle asserting that everything has a cost, and nothing valuable can be obtained without effort or exchange.
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