An Increase in the Wages Paid to Fishermen Will Have

question 150

Multiple Choice

An increase in the wages paid to fishermen will have what effect on the fish market equilibrium?

• A) Price will decrease, and quantity will decrease.
• B) Price will increase, and quantity will increase.
• C) Price will decrease, and quantity will increase.
• D) Price will increase, and quantity will decrease.
• E) Price and quantity will stay the same.