Suppose that a NY Times article indicates that wild salmon indicates that wild salmon is a healthy food because it provides lots of omega 3 nutrients. During the same period, the number of wild salmon returning to spawn in Alaska has grown dramstically. Now suppose that an catreprencur finds a way to raise salmon at a much lower cost than had previously been the case. Assume that most consumers believe that wild salmon and domentic salmon are similar products. This technological change: (This it an extension of question 3 , not a repeat) will unambiguously cause the equilibrium quantity of wild salmon to rise will unambiguously cause the equilibrium quantity of wild salmon to fall will have no impact on the equilibrium quantity of wild salmon may cause the equilibrium quantity of wild salmon to rise, fall, or remain the same QUESTION 40 The information on the salmon market peovided in the previous foer quentions is no longer relevant. Instead, the next few questions deal with a restaurant owner. A restaurant owner has just gotten the bad news that his landlond has raised the rent. However, he has looked at the financial figures and he still has a protitable business. The incresse in reat that the owner muat payri Hint: Think in terms of the relation between revenue and cost at the margin - and its implications for firm behavior. Will cause him to raise bis price and reduce the number of meals that he serves will cause him to lower his price in order to raike revenue may cause the price be charges to rise or fall will have no impact on the price that he eharges or the number of eustomers that he serven QUESTION 41 Now the restaurast owner roceives wome good news and some bad news. The good news is that has Landlord hat rescinded the rent increase. The bad news is that the price of salanoe at the fich market han riaen. This is a blow rescinded the rent incicase. The bad new. is restaurant is called SAI.MON CITY beeause alnost all of the ilems use salmon. The inercase in the price of salmon: Hint: Think in teams of the relation between revenue and cost at the margin - and its implicaticeis for fimm behanioe. will eauec him to raise his price and reduce ibe number of meals that he kervel will cause him to lower his price in order to raise revenue may cause the price he charger to rise ar fall Wilt have no impact on the price thad he charges or the number at cuatamers that he sarves