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Business, 26.03.2021 21:40 chaosdamax8295

Suppose that a NY Times article indicates that wild salmon indicates that wild salmon is a healthy food because it provides lots of omega 3 nutrients. During the same period, the number of wild salmon returning to spawn in Alaska has grown dramatically. Now suppose that an entrepreneur finds a way to raise salmon at a much lower cost than had previously been the case. Assume that most consumers believe that wild salmon and domestic salmon are similar products. This technological change:(This is an extension of question 3, not a repeat)a. will unambiguously cause the equilibrium quantity of wild salmon to riseb. will unambiguously cause the equilibrium quantity of wild salmon to fallc. will have no impact on the equilibrium quantity of wild salmond. may cause the equilibrium quantity of wild salmon to rise, fall, or remain the same

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