Which of the following would cause a decrease in the equilibrium price and an increase in the equilibrium quantity of salmon?
A)a decrease in demand greater than the increase in supply
B)an increase in supply
C)an increase in supply and an increase in demand greater than the increase in supply
D)a decrease in demand and a decrease in supply

Question

Quizplus · Accepted Answer

An increase in supply (which is the only factor mentioned in option B) would cause a decrease in the equilibrium price and an increase in the equilibrium quantity, as long as there is no corresponding decrease in demand.

Which of the Following Would Cause a Decrease in the Equilibrium