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Question: using supply and demand show graphically the impact of the...

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Using supply and demand, show graphically the impact of the following shocks on the U.S. market for lobster dinners. Note the effect on equilibrium price and quantity.+ a. (4 points) Coastal development reduces the quality of lobster habitat. b. (4 points)* Average incomes across the U.S. increase.. c. (4 points) Import tariffs on Canadian lobsters are reduced. d. (4 points) The price of Alaskan king crab falls. e(4 points)* A new study announces the health benefits of shellfish.* f. (4 points)» Global warming causes more hurricanes in the Atlantic.+

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