The table below set out the demand and supply schedule for grouper fingers in Nassau, Bahamas a.

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The table below set out the demand and supply schedule for grouper fingers in Nassau, Bahamas

a. Draw a graph of this market and specify the equilibrium price and quantity

b. Explain the situation in the market if the price of grouper fingers is $9 per plate

c. If the Bahamian government bans the fishing of grouper, how is this action going to affect the market. Explain (10 points)

Price ($ per plate)	Qd (per week)	Qs (per week)
5	1600	1200
6	1500	1500
7	1400	1700
8	1300	1800
9	1200	1900
10	1000	2000

Related Book For answer-question

Microeconomics

ISBN: 978-1292094632

12th edition

Authors: Michael Parkin

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Posted Date: Jan 29, 2022 11:48 AM

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The table below set out the demand and supply schedule for grouper fingers in Nassau, Bahamas a.

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Answer Equilibrium is where demand and supply are equal In th... View the full answer

Microeconomics

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