Equilibrium in the fi sh market is disturbed by twodifferent events: (1) a report by the
Chapter 6, Problem 4(choose chapter or problem)
Equilibrium in the fi sh market is disturbed by twodifferent events: (1) a report by the AmericanMedical Association announces that increasedconsumption of fi sh is associated with lower heartdisease, and (2) fi shermen are banned from fi shingin environmentally sensitive areas that previouslywere important sources for their catch. In themarket for fi sh, a. equilibrium price will increase and equilibriumoutput will decrease. b. both equilibrium price and output will increase. c. both equilibrium price and outputwill decrease. d. equilibrium price will increase but we donthave enough information to determine thechange in equilibrium output.
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