Multiple Choice
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 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:

Verified
Correct Answer:
Verified
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