If an increase in the supply of fish causes a huge decrease in the price of fish, we can assume:

A. that demand is very elastic

. B. nothing useful.

C. that total revenue fell for fish suppliers.

D. that demand is very inelastic.

E. that demand is unit elastic.

Question

Pebbles

16 April, 09:56

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Answers (1)

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Katherine Estrada · Answer 1

A because it is always changing depending on the supply the demand is dependent on the supply

If an increase in the supply of fish causes a huge decrease in the price of fish, we can assume:A. that demand is very elastic. B. nothing useful.C. that total revenue fell for fish suppliers.D. that demand is very inelastic.E. that demand is unit elastic.