When the number of Alaskan fishermen increased, salmon prices fell to record lows. This could be shown graphically by a shift in the:
A) demand curve right.
B) supply curve left.
C) demand curve left.
D) supply curve right.

Question

Quizplus · Accepted Answer

An increase in the number of fishermen would increase the supply of salmon, shifting the supply curve to the right, leading to lower prices.

When the Number of Alaskan Fishermen Increased, Salmon Prices Fell