What happens to the Q and P ofDiver Scallops given the following scenarios. Possible answers are: Increase, Decrease, Unknown and No Change. Hint: you may want to refer to the handout I provided where I discuss simultaneous shifts in supply and demand when the magnitude of the shifts are unknown.

A) Vast new beds of Diver Scallops are discoveredand a study is released that Lobster contains poisons that negatively impact one's health.

_________________ Quantity ______________________ Price

B) Due to the dangerous nature of scallop diving, insurance for the scallop industry increases 400%. At the same time a study is released that lobster contains poisons that negatively impact one's health.

________________ Quantity ______________________ Price

C) A study is released by the AMA that eating lobster will increase your lifespan by 20 yearsand at the same time Diver Scallop divers who work fo major Scallop firms form a union and their wages increase significantly.

________________ Quantity ______________________ Price