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Oliga [24]
3 years ago
13

Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more

fish while using the same number of crew members as before. Second, a new study shows that eating fish at least three times a week helps prevent heart attacks.
1. As a result, the equilibrium price for fish will while the equilibrium quantity of fish will:________
a. increase
b. decrease
c. have an ambiguous change

2. While the equilibrium quantity of fish will: ________
a. increase
b. decrease
c. have an ambiguous change
Business
1 answer:
german3 years ago
3 0
Number 1 = decrease
number 2= have an ambiguous change
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Answer:

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8 0
3 years ago
If a perfectly competitive firm decreases production from 11 units to 10 units and the market price is $20 per unit, total reven
marishachu [46]

Answer: C. $200

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