There Have Been Severe Problems in the Atlantic Fishing Industry,with

question 159

Multiple Choice

There have been severe problems in the Atlantic fishing industry,with large falls in the fish stocks.As a result,

• A)the price of fish will fall.
• B)the quantity of fish sold will increase as fishermen will catch more to make up for the shortage.
• C)the equilibrium price and the equilibrium quantity will fall or rise depending on how large the fall in fish stocks.
• D)both the equilibrium price and the equilibrium quantity will rise, as consumers will desire even more fish, because they are scarce.
• E)the fall in the fish stocks will lead to a shortage, and a rise in the equilibrium price and a decrease in the equilibrium quantity.

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Definitions:

Looking-glass Selves

A social psychological concept suggesting that a person's self grows out of society's interpersonal interactions and the perceptions of others.

Looking-glass Model

A concept in sociology that suggests individuals develop their sense of self based on how they believe others perceive them.

Self-concept

An individual's perception and evaluation of themselves, including their beliefs about their own attributes and who and what they are.

Central Self-goals

Objectives or aspirations that are at the core of an individual's identity and purpose, guiding their behavior and influencing their decision-making.