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Author Question: Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal ... (Read 96 times)

mmm

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on: Jul 1, 2018
Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal policies focus on harvesting the lionfish for human consumption. Assuming that lionfish is an inferior good, what will likely happen to fishing efforts if income increases?
 
  A) Fishing efforts will increase.
  B) Fishing efforts will decrease, especially when supply is relatively inelastic.
  C) Fishing efforts will decrease, especially when supply is relatively elastic.
  D) None of the above.

Question 2

Lionfish is an aquatic invasive species in the southeastern U.S. and the Caribbean. Current removal policies focus on harvesting the lionfish for human consumption. Assuming that lionfish is a substitute for snapper, what will likely happen to fishing efforts for lionfish if the price of snapper increases?
 
  A) Fishing efforts will increase.
  B) Fishing efforts will decrease.
  C) Fishing efforts will remain the same if supply is perfectly inelastic.
  D) A and C
Microeconomics ¦ Perloff ¦ 8th Edition
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alexisweber49

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Reply #1 on: Jul 1, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mmm

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Reply 2 on: Jul 1, 2018
YES! Correct, THANKS for helping me on my review

matt95

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Reply 3 on: Yesterday
Wow, this really help

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