Researchers just released the results of a study that shows much of the shellfish eaten in the United States 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 new information about unsafe chemicals in shellfish is likely to decrease the demand for shellfish at every price, as consumers become more aware of the potential health risks. This decrease in demand will lead to a decrease in the market price of shellfish.

Researchers Just Released the Results of a Study That Shows