There Have Been Severe Problems in the Atlantic Fishing Industry

question 102

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, a rise in the equilibrium price and a decrease in the equilibrium quantity.

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Definitions:

1,2-dibromoethene

A halogenated alkene with the formula C2H2Br2, characterized by having two bromine atoms attached to adjacent carbon atoms in the ethene molecule.

Vildagliptin

A medication used to manage type 2 diabetes by increasing insulin release and decreasing glucagon production.

Antidiabetic Drug

A medication used to manage and treat diabetes by controlling blood sugar levels.

Functional Group

A specific grouping of atoms within molecules that have characteristic chemical reactions regardless of the molecules they are part of.