Time le Increase in Demand Decrease in Demand Price Price P* increases P* Decreases " Increases Quantity Decreases Quantity (Panel A) (Panel B] Fig. 2 Increase in Supply Decrease in Supply Price Price P* Decreases P* increases Q' Increases Quantity Q Decreases Quantity (Panel C) (Panel D) Assume that employers across the board have provided their employees with an "inflation-fighting" increase in salaries and allowance effective immediately. Which of the following graphs in the diagram above would best represents the market impact? Select one: O a. Panel A O b. Panel B O c. Panel C O d. Panel DAssume that the agricultural industry is experiencing a severe drought, which of the graphs in the diagram above represents the impact on the supply of agricultural products? Select one: O a. Panel A O b. Panel B O c. Panel C O d. Panel D Clear my choice