subject
Business, 10.09.2021 02:40 ryvergoss

If this is a competitive market, what will happen in the high season when the marketplace is filled with fish-loving tourists? A) As tourists buy more fish, the supply of fish will shift to the left, increasing the equilibrium price and decreasing the equilibrium quantity. B) Demand for fish will rise, causing excess demand at the original price. The excess demand will cause the price to rise until it reaches a new equilibrium at Quantity = 100, but Price > $2. C) Demand for fish will rise, but the price will remain at $2, so every day during the high season, fishermen run out of fish before the market closes. D) At a price of $2, there will now be excess demand for fish and that will cause an increase in the supply of fish.

ansver
Answers: 3

Another question on Business

question
Business, 21.06.2019 13:30
The chart shows the pricing history for two items. which person saved the most money by buying a product at the right time? carrie, who waited six months to buy a game system timothy, who bought a game system right away because it was popular eugene, who bought a phone immediately for fear they would sell out marlene, who waited six months to buy a phone
Answers: 3
question
Business, 22.06.2019 02:00
Greater concern for innovation and quality has shifted the job trend to using more broadly defined jobs. t/f
Answers: 1
question
Business, 22.06.2019 03:00
Match each item to check for while reconciling a bank account with the document to which it relates. (there's not just one answer) 1. balancing account statement 2. balancing check register a. nsf fees b. deposits in transit c. interest earned d. bank errors
Answers: 3
question
Business, 22.06.2019 11:10
The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.
Answers: 3
You know the right answer?
If this is a competitive market, what will happen in the high season when the marketplace is filled...
Questions
Questions on the website: 13722367