Figure: Shifts in Demand and Supply IV
(Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose the price of lumber falls dramatically.Which panel best describes how this will affect the market for houses?
A.panel A
B.panel B
C.panel C
D.panel D

Question

Figure: Shifts in Demand and Supply IV
   (Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose the price of lumber falls dramatically.Which panel best describes how this will affect the market for houses? 
A.panel A
B.panel B
C.panel C
D.panel D

Quizplus · Accepted Answer

The Answer of Figure: Shifts in Demand and Supply IV
   (Figure: Shifts in Demand and Supply IV) Look at the figure Shifts in Demand and Supply IV.The figure shows how supply and demand might shift in response to specific events.Suppose the price of lumber falls dramatically.Which panel best describes how this will affect the market for houses? 
A.panel A
B.panel B
C.panel C
D.panel D