Suppose that people find out that eating more fish improves their health, leading them to increase their demand for fish. As a result, the equilibrium price of fish and the equilibrium quantity .

Question

Quizplus · Accepted Answer

As demand for fish increases, the equilibrium price will rise, as suppliers will be willing to supply more fish at a higher price. The equilibrium quantity will also increase as suppliers will produce more fish to meet the increased demand. Therefore, the correct answer is (C) rises, increases.

Suppose That People Find Out That Eating More Fish Improves