Question

Suppose diminishing fish populations off the coast of Maine lead to policies restricting the use of the most productive types of nets in that area. The result is a decrease in the number of fish caught per day by commercial fishers in Maine. The price of fish is unaffected. Will the demand curve for fishers in Maine shift to the right, shift to the left, or remain unchanged? EXPLAIN.

Answer 1

What happens here is it due to fishing laws, supply of fish decreased per day per fisherman, and because the price is same you can understand that initially due to increase in supply of fish the price increased and the quantity supplied decreases and the price would remain same only when the demand curve shift neutralizes the price increase and this would happen with the decrease in price and decrease in price on demand curve would happen due to the shift in demand to the left as a result of which you can understand that the demand for fishermen or fish decreases as a result of which the demand curve shift to the left with which the price decreases and neutralizes the price increase our layer so that the price would remain same and the equilibrium quantity decreases on the whole and that is the reason why

(demand curve shift to the left) is the answer to this question