Multiple Choice
An economist observes a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon. These are the effects of:
A) a decrease in demand and an 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.
Correct Answer:
Verified
Correct Answer:
Verified
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