Researchers just released the results of a study that shows much of the shellfish eaten contains chemicals that some consider unsafe for consumption.What will likely result from this new information?
A) The demand for shellfish will increase.
B) The supply of shellfish will decrease, causing a decrease in the price.
C) The demand for shellfish will increase at every price.
D) The demand for shellfish will decrease at every price.
E) The demand for shellfish will likely remain the same, but the market price will adjust.

Question

Quizplus · Accepted Answer

The study's findings suggest that the consumption of shellfish may be unsafe, which will likely lead to a decrease in demand for shellfish. As demand decreases, the price of shellfish is likely to decrease as well since suppliers will need to lower their prices to sell their products. Therefore, the demand for shellfish will decrease at every price.

Researchers Just Released the Results of a Study That Shows