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Economics (AS & A Level) · Oct / Nov 2021 · Paper 11 · Question 5

9708Demand and supply curves

The supply curve for fresh fish shifts from S1 to S2 as shown. [diagram: supply curves with axes price and quantity, curves S1 and S2, origin O] What is a possible reason for this change in the supply of fresh fish?

  1. ADemand for fresh fish increases due to promotion of the health benefits.
  2. BFavourable weather increases the quantity of fish being caught.
  3. CPrice of fresh fish falls due to a new substitute product becoming popular.
  4. DRegulations limit the number of fish being caught to prevent over-fishing.

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Correct answer: D. Regulations limit the number of fish being caught to prevent over-fishing.

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