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Question 33

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Use the following to answer question: Use the following to answer question:   -(Figure: Shifts in Demand and Supply II) Use Figure: Shifts in Demand and Supply II.The graph shows how supply and demand might shift in response to specific events.Suppose a drought destroys one-third of the nation's peanut crop.Which panel BEST describes how this will affect the market for peanuts? A) Panel A B) Panel B C) Panel C D) Panel D
-(Figure: Shifts in Demand and Supply II) Use Figure: Shifts in Demand and Supply II.The graph shows how supply and demand might shift in response to specific events.Suppose a drought destroys one-third of the nation's peanut crop.Which panel BEST describes how this will affect the market for peanuts?


A) Panel A
B) Panel B
C) Panel C
D) Panel D

Correct Answer:

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