Figure: Shifts in Demand and Supply
(Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply.The graph shows how supply and demand might shift in response to specific events.Suppose a new machine is developed that allows restaurants and fast-food outlets to produce french fries at a lower cost.Which panel best describes how this will affect the market for french fries?
A.panel A
B.panel B
C.panel C
D.panel D

Question

Figure: Shifts in Demand and Supply
   (Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply.The graph shows how supply and demand might shift in response to specific events.Suppose a new machine is developed that allows restaurants and fast-food outlets to produce french fries at a lower cost.Which panel best describes how this will affect the market for french fries? 
A.panel A
B.panel B
C.panel C
D.panel D

Quizplus · Accepted Answer

The Answer of Figure: Shifts in Demand and Supply
   (Figure: Shifts in Demand and Supply) Look at the figure Shifts in Demand and Supply.The graph shows how supply and demand might shift in response to specific events.Suppose a new machine is developed that allows restaurants and fast-food outlets to produce french fries at a lower cost.Which panel best describes how this will affect the market for french fries? 
A.panel A
B.panel B
C.panel C
D.panel D