What will happen to price at which fisherman can sell, Ask an Expert

Economics

Q. What will happen to price at which fisherman can sell lobsters? What will happen to price paid by U.S. consumers? What will happen to quantity consumed by U.S consumers?

Q. If store currently charges a price of $50 and n increases that price to $60, what happens to total revenue from shoe sales (calculate PxQ before and after price change)?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9294391

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