Question
Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity for the following cases: Case
Show in a diagram the effect on the demand curve, the supply curve, the equilibrium price, and the equilibrium quantity for the following cases:
Case 2 : In the summer of 2000, weather conditions were excellent for commercial salmon fishing off the California coast. Heavy rains meant higher than normal levels of water in the rivers, which helps the salmon to breed. Slightly cooler ocean temperatures stimulated the growth of plankton, the microscopic organisms at the bottom of the ocean food chain, providing everything in the ocean with a hearty food supply. The ocean stayed calm during fishing season, so commercial fishing operations did not lose many days to bad weather.(market: Salmon)
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