Drag the vertical green line back


Suppose that average income in the world and the cost of catching fish are both equal to their initial values, US$5,000 per year for income and US$2,500 per ton for cost.

Drag the vertical green line back and forth to determine the equilibrium quantity of fish caught under these conditions:

A. 30 million tons of fish

B. 50 million tons of fish

C. 40 million tons of fish

D. 25 million tons of fish

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Macroeconomics: Drag the vertical green line back
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