Which of the Following Would Cause a Decrease in the Equilibrium

question 5

Multiple Choice

Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?

• A)a decrease in demand greater than the increase in supply
• B)an increase in supply
• C)an increase in supply and an increase in demand greater than the increase in supply
• D)a decrease in demand and a decrease in supply

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Definitions:

Cotton Industry

A sector of the economy focused on the production, processing, and trading of cotton, a key material in the textile industry, historically significant for its role in industrialization.

Death Rate

A measure of the number of deaths in a particular population, scaled to the size of that population, expressed per thousand or per hundred thousand, over a specified time period.

Washed

A process involving water or other liquid, typically used for cleaning purposes, or metaphorically indicating a thorough change or purification.

Industrial Revolution

A period of major industrialization from the late 18th to early 19th century that transformed primarily agrarian societies into industrialized and urban ones.