In 2015, the weather conditions were better than normal, leading to higher rainfalls filling up the rivers (which is good for salmon breeding). Moreover, the cooler weather led to higher growth of planktons, which is a primary food source for salmon. Based on this information, we can say that the (supply/demand)____ of salmon will (increase/decrease)____, leading to (higher/lower)____ equilibrium prices for salmon, and (higher/lower)____ amount of salmon being sold in this market.
In 2015, the weather conditions were better than normal, leading to higher rainfalls filling up the rivers (which is good for salmon breeding). Moreover, the cooler weather led to higher growth of planktons, which is a primary food source for salmon. Based on this information, we can say that the (supply/demand)____ of salmon will (increase/decrease)____, leading to (higher/lower)____ equilibrium prices for salmon, and (higher/lower)____ amount of salmon being sold in this market.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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In 2015, the weather conditions were better than normal, leading to higher rainfalls filling up the rivers (which is good for salmon breeding). Moreover, the cooler weather led to higher growth of planktons, which is a primary food source for salmon.
Based on this information, we can say that the (supply/
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