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:

Shipping Costs

Expenses associated with the transportation of goods from one location to another, typically borne by the seller or the buyer as specified in sales terms.

GIS

Geographic Information System, a tool that captures, stores, analyzes, and presents spatial or geographical data.

Customer Buying Patterns

The behaviors and tendencies of consumers when purchasing goods or services, often analyzed to predict future buying behaviors.

Revealing

The act of making known or disclosing information that was previously unknown or hidden.