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-(Figure: Shifts in Demand and Supply)Use Figure: Shifts in Demand and Supply.The figure shows how supply and demand might shift in response to specific events.Suppose the population increases.Which panel BEST describes how this will affect the market for apples?
A)Panel A
B)Panel B
C)Panel C
D)Panel D

Question

Use the following to answer question: 
-(Figure: Shifts in Demand and Supply)Use Figure: Shifts in Demand and Supply.The figure shows how supply and demand might shift in response to specific events.Suppose the population increases.Which panel BEST describes how this will affect the market for apples?
A)Panel A 
B)Panel B 
C)Panel C 
D)Panel D

Quizplus · Accepted Answer

Panel C best describes the effect of a population increase on the market for apples. It shows an increase in demand (the demand curve shifts to the right) without a change in supply. An increase in population typically raises the number of consumers, which increases the demand for goods, including apples, without immediately affecting the supply.

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