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-(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 San Diego pack up and move to Colorado Springs.Which panel BEST describes how this will affect the supply of houses in San Diego?
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 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 San Diego pack up and move to Colorado Springs.Which panel BEST describes how this will affect the supply of houses in San Diego?
A)Panel A 
B)Panel B 
C)Panel C 
D)Panel D

Quizplus · Accepted Answer

Panel C shows a decrease in demand for houses in San Diego, which would lead to an increase in the supply of houses as there are now more houses available than there are people who want to buy them.

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