Examlex
Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?
Pricing
The act of determining the value that will be charged for goods or services offered by a business.
Gross Profit
The financial gain calculated by subtracting the cost of goods sold from total revenue.
Inventory
The total amount of goods and materials held in stock by a business, shop, or warehouse.
Administrative Expenses
Ongoing expenses associated with the general operation of a business, such as office supplies, salaries of non-sales personnel, and utilities.
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