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True or False The diagram below shows aggregate demand for catching fish in Lake Superior. The government has created a new law that reduces the
True or False
The diagram below shows aggregate demand for catching fish in Lake Superior. The government has created a new law that reduces the amount of pollution in the lake, and as a result there will be an increase in demand for catching fish from D, to D2. Currently, because of the high pollution levels, people are not allowed to catch any fish at all. . Once the pollution is reduced people will be allowed to catch fish at Q1. In a benefit cost analysis of the new law, the area outlined in yellow would represent a benefit to society. S D2 DI QFishStep by Step Solution
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