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:
Revenue-maximizing Price
The optimal price point of a good or service that allows a company to generate the maximum possible revenue, considering factors like demand elasticity.
Football Tickets
Passes or vouchers that grant the holder access to attend football games.
Demand Function
A mathematical formula that specifies the quantity demanded of a good or service as a function of its price and possibly other variables.
Stadium Capacity
Indicates the highest number of audience members that can be held by a stadium.
Q6: (Figure: Sugar and Freight Trains)Use Figure: Sugar
Q37: The quota rent is the result of
Q56: (Table: Consumer Surplus and Phantom Tickets)The table
Q66: (Figure: Production Possibility Frontier)Use Figure: Production Possibilities
Q87: Total surplus in a market is the
Q165: Which statement(s)is/are TRUE about market failures? I.They
Q200: Which factor would cause a LEFTWARD shift
Q205: As long as people have different _,everyone
Q207: When a market is in equilibrium and
Q275: (Figure: Consumer and Capital Goods)Use Figure: Consumer