The price of fresh fish rose and the quantity sold fell. other things remaining the same, which of the following is consistent with this observation?
a) the number of consumers that have a preference for fish increased.
b) the price of meat, which is a substitute for fish, rose.
c) the fishermen learned to fish more efficiently.
d)the cost of fishing increased.
e) the supply of fresh fish increased.
Answers: 3
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The price of fresh fish rose and the quantity sold fell. other things remaining the same, which of t...
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