help in homework

New User?

Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / In 1996, the Wall Street Journal ran the headline: "fisherman in Alaska, awash in salmon, strive to stay afloat

In 1996, the Wall Street Journal ran the headline: "fisherman in Alaska, awash in salmon, strive to stay afloat

Economics

In 1996, the Wall Street Journal ran the headline: "fisherman in Alaska, awash in salmon, strive to stay afloat."

The salmon fisherman flooded the market, which drove prices to record lows. This could be shown graphically by a shift in _____.

pur-new-sol

Purchase A New Answer

Custom new solution created by our subject matter experts

GET A QUOTE

Answer Preview

  • The most appropriate word/term is the rightward shift in the supply curve.

Here, it is given that the fisherman flooded the market which means there is an increment in the supply of fishes in the market that droves the price at a record lower level. Thus, it can be depicted by a rightward shift in the supply curve where the supply of fishes rises and the price level declines.

Sitejabber (5.0)

BBC (5.0)

Trustpilot (4.9)

Google (5.0)