In the diagram, the market for fresh fish in the Caribbean is shown, with the starting equilibrium at point X. A new type of fishing boat raises output, so costs fall. Which point shows the new equilibrium?
- AA
- BB
- CC
- DD
Economics 0455 · IGCSE · Supply
In the diagram, the market for fresh fish in the Caribbean is shown, with the starting equilibrium at point X. A new type of fishing boat raises output, so costs fall. Which point shows the new equilibrium?