Multiple Choice
Use the following to answer questions:
Figure: Shifts in Demand and Supply IV
-(Figure: Shifts in Demand and Supply IV) Use Figure: Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose half of the people in Vancouver pack up and move to Calgary.Which panel BEST describes how this will affect the supply of houses in Vancouver?
A) Panel (a)
B) Panel (b)
C) Panel (c)
D) Panel (d)
Correct Answer:

Verified
Correct Answer:
Verified
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