Business, 26.02.2020 03:29 briannamartinez2528

A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps untouched. Boats are not needed to collect the trapped lobsters. People enjoy eating fresh fish with tartar sauce and lobster with drawn butter equally. Explain the effect of the hurricane on the demand and supply for drawn butter.

Demand / Supply

Increase / Decrease

Increase / No Change

No Change / Decrease

Decrease / No Change

Decrease / Increase
20.
People enjoy water skiing and surfing equally well in the Macro Islands. If the price of water skis increased drastically, how would the ski rope market be affected?

Demand / Supply / Price / Quantity

Increase / Decrease / Decrease / Increase

Increase / No Change / Increase / Increase

No Change / Decrease / Decrease / Decrease

Decrease / No Change / Decrease / Decrease

Decrease / Increase / Increase / Decrease

Answers: 2

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A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps unt...

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