Recently It Has Been Discovered That Lobsters Grown on Lobster

question 221

Multiple Choice

Recently it has been discovered that lobsters grown on lobster farms can feed on algae, which is a cheaper lobster food.As a result of this discovery,

• A)the supply curve for lobster will shift to the left
• B)the supply curve for lobster will shift to the right
• C)there will be an increase in the quantity of lobsters supplied
• D)there will be a decrease in the quantity of lobsters supplied
• E)both supply and demand curves will shift to the right

---

Definitions:

Affordable Housing

Housing units that are economically feasible for people within a specified income range.

Social Stratification

The hierarchical organization of a society into different social classes or groups, based on factors like wealth, occupation, and education.

Well-Developed Societies

Societies that exhibit robust economic growth, advanced infrastructure, and a high level of social welfare.

Welfare Reform

Changes in the public assistance system aiming to improve the management and delivery of welfare benefits, often with the goal of encouraging employment among beneficiaries.