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Climate change is a prime suspect in a mass die-off of Alaska's snow crabs, experts say, after the state took the unprecedented step of canceling

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Climate change is a prime suspect in a mass die-off of Alaska's snow crabs, experts say, after the state took the unprecedented step of canceling their harvest this season to save the species. According to an annual survey of the Bering Sea floor carried out by the National Oceanic and Atmospheric Administration, estimates for the crustaceans' total numbers fell to about 1.9 billion in 2022, down from 11.7 billion in 2018, or a reduction of about 84 percent. For the first time ever, the Alaska Department of Fish and Game announced the Bering Sea snow crab season will remain closed for 2022-23, saying in a statement efforts must turn to "conservation and rebuilding given the condition of the stock." The state's fisheries produce 60% of the nation's seafood. Based on the shock you identified in the previous question, what does the model of demand and supply predict will be the impact on the market for snow crab? A. P* will increase and Q* will increase O B. P* will decrease and Q* will decrease O C. P* will decrease and Q* will increase O D. P* will increase and Q* will decreaseClimate change is a prime suspect in a mass die-off of Alaska's snow crabs, experts say, after the state took the unprecedented step of canceling their harvest this season to save the species. According to an annual survey of the Bering Sea floor carried out by the National Oceanic and Atmospheric Administration, estimates for the crustaceans' total numbers fell to about 1.9 billion in 2022, down from 11.7 billion in 2018, or a reduction of about 84 percent. For the first time ever, the Alaska Department of Fish and Game announced the Bering Sea snow crab season will remain closed for 2022-23, saying in a statement efforts must turn to "conservation and rebuilding given the condition of the stock." The state's fisheries produce 60% of the nation's seafood. Based on the event described in the article above, what kind of shock will occur most immediately in the market for snow crab? A. Negative supply shock B. Negative demand shock C. Positive supply shock O D. Positive demand shock

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