(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 there is a freak snowstorm in Florida that destroys one-quarter of the orange crop. Which panel BEST illustrates how this event will affect the market for vitamin C tablets, which are a substitute in consumption for oranges?

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The event of a snowstorm in Florida that destroys one-quarter of the orange crop would cause a shift in the supply of oranges, resulting in a higher price for oranges. As a result, consumers would then shift their consumption towards substitutes such as vitamin C tablets, increasing the demand for vitamin C tablets. This is represented by a rightward shift in the demand curve in Panel C, which is the best illustration of the market for vitamin C tablets.