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Gnesinka [82]
3 years ago
12

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. At the same time a new study shows that eating fish at least three times a week helps prevent heart attacks. How will the market for fish respond?
Business
1 answer:
Nata [24]3 years ago
3 0

Answer: Increase in equilibrium quantity of fish.

Explanation: New technology allows fishing boats to catch more fish while using the same number of crew-members. This will increase supply of fish shifting the supply curve for fish to the right.

At the same time a new study shows that eating fish at least three times a week helps prevent heart attacks. This will increase demand for fish shifting the demand curve for fish to the right.

The net effect of these changes is an increase in equilibrium quantity of fish. However, the change in the price of fish cannot be determined as it depends on the magnitude of shift in the two curves.

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True

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Which of these generally represents the last channel member in a distribution channel ?
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the answer is B

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3 0
3 years ago
If the Potinsky household spends ​$37 comma 300 annually on all living expenses and​ long-term debt, calculate the amount recomm
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For a three-month emergency fund = $3,083 x 3

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For a six-month emergency fund = $3,083 x 6

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