EBK INTERMEDIATE MICROECONOMICS AND ITS
EBK INTERMEDIATE MICROECONOMICS AND ITS
12th Edition
ISBN: 9781305176386
Author: Snyder
Publisher: YUZU
Question
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Chapter 9, Problem 9.1P

a)

To determine

To calculate: the price, if fishing boats land 1,000 pounds one day.

b)

To determine

To Calculate: the price, if the catch were to fall to 400 pounds.

c)

To determine

To describe: the answers to part a and part b change when the demand for flounder shifts outward will be given.

d)

To determine

To Describe: the lowest price at which flounder will be supplied to the cape M market.

e)

To determine

To calculate: the equilibrium price to the given demand curve for flounder

f)

To determine

To calculate: the new equilibrium price to the given demand shifts

g)

To determine

To Describe: the price will be rise by less in part f than part c and also graph all the results.

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