Jack, a fisherman, goes out with a boat and a net early each morning. At 7:00 a.m., Jack takes his day's catch to the fish market and sells it at the market price. As a result of new information about the beneficial effects on health of a fish-rich diet, the demand for fish increases. How will Jack's supply of fish respond to the increased demand and higher price for his product in the short run and in the long run?