What would best explain why the equilibrium price of pink salmon decreased and the equilibrium quantity increased?
A. The increase in demand was greater than the decrease in supply
B. The decrease in demand was greater than the decrease in supply
C. The increase in supply was greater than the decrease in demand
D. The decrease in supply was greater than the increase in demand
C. The increase in supply was greater than the decrease in demand
Economics
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In Figure 11.3, the change in investment spending is represented as the distance between points
A) C0 and C1. B) a1 and y1. C) a0 and a1. D) y0 and y1.
Economics
Suppose a Nintendo Wii has a price of 24,000 yen in Japan and the yen-dollar exchange rate changes from 80 yen to the dollar to 100 yen to the dollar? What happens to the price of the Wii measured in dollars?
What will be an ideal response?
Economics