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An increase in the demand for lobster due to changes in consumer tastes, accompanied by a decrease in the supply of lobster as a result bad weather reducing the number of fishermen trapping lobster, will result in:

Respuesta :

Answer:

an increase in price and an indeterminate increase in equilibrium quantity

Explanation:

Increase in demand leads to an outward shift of the demand curve. As a result equilibrium price and quantity increases

A decrease in supply leads to an inward shift of the supply curve

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