What Would Best Explain Why the Equilibrium Price of Pink

question 289

Multiple Choice

What would best explain why the equilibrium price of pink salmon decreased and the equilibrium quantity increased?

• A) The increase in demand was greater than the decrease in supply.
• B) The decrease in demand was greater than the decrease in supply.
• C) The increase in supply was greater than the decrease in demand.
• D) The decrease in supply was greater than the increase in demand.

---

Definitions:

Authorized

Having official permission or approval.

Principal

The amount of money originally invested or loaned, upon which interest is calculated, or in agency relationships, the person who empowers an agent to act on their behalf.

Gratuitous Agent

An agent who acts on behalf of another without receiving any compensation for their services.

Paid Agent

A professional or entity compensated to act on behalf of another in a transaction or negotiation.