What would best explain why the equilibrium price of pink salmon decreased and the equilibrium quantity increased?

Question

Quizplus · Accepted Answer

The increase in supply (such as increased fishing or farming of pink salmon) would cause a shift to the right in the supply curve, resulting in a decrease in equilibrium price and an increase in equilibrium quantity. The decrease in demand would have the opposite effect, leading to a decrease in equilibrium quantity and an uncertain effect on equilibrium price. However, option B suggests a decrease in both supply and demand, making it unlikely to result in an increase in equilibrium quantity. Similarly, option D suggests a decrease in supply and an increase in demand, which would likely result in an increase in equilibrium price rather than a decrease. Option A implies that demand has increased, which is inconsistent with the given information that demand has decreased.

What Would Best Explain Why the Equilibrium Price of Pink