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The figure shows how supply and demand might shift in response to specific events in the market for diapers (assume the market begins with
The figure shows how supply and demand might shift in response to specific events in the market for diapers (assume the market begins with curve subscripted "1" then moves to the curve subscripted "2."). Suppose the birth rate, the number of babies born per female, increases. Which panel best describes how this will affect the market for diapers? Panel A Panel B P S S D D Quantity (per period) D Quantity (per period) Panel D Panel C P P S2 S S2 D S D Quantity (per period) Quantity (per period) O Panel A O Panel B O Panel C O Panel D
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