The figure given below represents the equilibrium in the market for bicycles under different demand and supply situations.The vertical axis in each panel shows the price of bikes. Figure 3.2 
Refer to Figure 3.2.Which of the following panels represents the equilibrium situation in the bicycle market, if there were an increase in the price of metal used in the production of bicycles?
Definitions:
Gilded Age
A period in the late 19th century characterized by rapid economic growth, widespread political corruption, and extravagant displays of wealth by America's upper class.
Working Conditions
The circumstances affecting workers' environment, including safety, hours, and rights.
Railroad Strike
A work stoppage by railroad workers, often to protest working conditions, pay, or labor policies.
1877
The year marked by significant events in the United States, including the end of the Reconstruction era following the Civil War.
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