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

When demand for a good increases, the equilibrium price and quantity of that good both increase. This is because higher demand leads to higher prices as consumers are willing to pay more, and suppliers increase production to meet the higher demand, resulting in a higher quantity sold.

Suppose That People Find Out That Eating More Fish Improves