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It has recently become clear that there are severe problems in the Atlantic fishing industry, causing large reductions in the fish stocks. What is the

It has recently become clear that there are severe problems in the Atlantic fishing industry, causing large reductions in the fish stocks. What is the likely outcome of this circumstance? a) The price of fish will fall, since no one will be able to purchase them. O b) The quantity of fish sold will rise and the price will rise, as fishermen will catch more to make up for the shortage. O c) The equilibrium price will rise and the quantity sold will fall as fishermen will catch and supply less fish. O d) Both the equilibrium price and the quantity will rise, as consumers will desire even more fish, because they are scarce

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