About 46 percent of M1 is composed of

In the above figure, the economy initially is at point C. Then the domestic price level rises by 10. A

A) substitution effect would help move the economy to point D. B) substitution effect would help move the economy to point B. C) substitution effect would keep the economy at point C. D) wealth effect would help move the economy to point B.

Shrimp is an increasingly popular part of the American diet. Louisiana shrimpers who represent the bulk of the U.S. industry were almost all put out of business by Hurricane Katrina

How did this affect the equilibrium price and quantity of shrimp?