(Figure: Shifts in Demand and Supply Iv) Use Figure: Shifts

Question 140
Multiple Choice

(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 move to Colorado Springs. Which panel BEST describes how this will affect the market for houses in Colorado Springs? A) Panel A B) Panel B C) Panel C D) Panel D