Figure 3-7 -Refer to Figure 3-7.Assume That the Graphs in This Figure

Multiple Choice

Figure 3-7
-Refer to Figure 3-7.Assume that the graphs in this figure represent the demand and supply curves for frozen yogurt.Which panel describes what happens in the market for frozen yogurt when the price of ice cream,a substitute product,increases?

A) Panel (a)
B) Panel (b)
C) Panel (c)
D) Panel (d)