If Benjamin Considers Sushi to Be a Normal Good and If

question 18

Multiple Choice

If Benjamin considers sushi to be a normal good and if his income increases by 20%,his purchases of sushi will:

• A)decrease by 20%.
• B)increase.
• C)decrease.
• D)not change.

---

Definitions:

Individual Transferable Quota

An Individual Transferable Quota is a quota, assigned to individuals or companies, that grants the right to catch a certain amount of fish or harvest other renewable resources, which can be traded or leased.

Tradable Fishing Limit

A regulatory method, similar to ITQs, allowing holders to buy, sell, or lease fishing quotas, aiming at sustainable fishery management by limiting the total catch.

Total Allowable Catch (TAC)

A fishery management tool that sets a limit on the amount of a particular fish species that can be caught over a specified time period.

Catch Size

The quantity of fish or any other marine species that is caught within a particular period.