To protect the cod fishery off the northeast coast of the U.S., the federal government may limit the amount of fish that each boat can catch in the fishery. The result of this public policy is to a. shift the cod demand curve to the left. b. shift the cod demand curve to the right. c. shift the cod supply curve to the right. d. shift the cod supply curve to the left
To protect the cod fishery off the northeast coast of the U.S., the federal government may limit the amount of fish that each boat can catch in the fishery. The result of this public policy is to a. shift the cod demand curve to the left. b. shift the cod demand curve to the right. c. shift the cod supply curve to the right. d. shift the cod supply curve to the left
Chapter32: The Land Market And Natural Resources
Section: Chapter Questions
Problem 12E
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Question
To protect the cod fishery off the northeast coast of the U.S., the federal government may limit the amount of fish that each boat can catch in the fishery. The result of this public policy is to
a. shift the cod demand curve to the left. |
||
b. shift the cod demand curve to the right. |
||
c. shift the cod supply curve to the right. |
||
d. shift the cod supply curve to the left |
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