Question: Sources for use with Section A Extract A Chinese tariffs force Alaska seafood industry to look beyond China The Alaska Seafood Marketing Institute is looking

Sources for use with Section A Extract A Chinese tariffs force Alaska seafood industry to look beyond China The Alaska Seafood Marketing Institute is looking for ways to expand the Alaska seafood China buys Sibn of Alaskan fish annually, making it Alaska's top seafood export market. The Institute's director says Alaska's seafood sales are down by more than 20% so far in 2019 in response to the price increase caused by the tariff. He says the three-year federal Agricultural Trade Promotion grant of $5.5m awarded in January will be used to develop new markets such as Japan, Southeast Asia and parts of South America. The Institute will continue to work in China and other established markets such as Germany. 5 (b) Using Extract A, calculate to one decimal place, the price elasticity of demand for Alaskan seafood. You are advised to show your working. (4)

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