If the market price of salmon is $8.99 per pound but the government will not allow salmon farmers to charge more than $4.99 per pound of salmon, which of the following will happen?

The market for apples is in equilibrium at a price of $0.50 per pound.

A、.    quantity demanded will decrease.
B、.    quantity supplied will increase.
C、.    there will be a shortage of the good.
D、.    the price floor will not affect the market price or output.

Suppose the current price of a pound of steak is $12 per pound and the equilibrium price is $9 per pound

A、 shortage, so the price falls and quantity demanded increases.
B、 surplus, so the price falls and quantity demanded increases.
C、 shortage, so the price rises and quantity demanded decreases.
D、 surplus, so the price rises and quantity demanded increases.

Which of the following statements is NOT true about salmon?

A、Most salmon is eaten in restaurants.
B、Salmon is a warm water fish.
C、China has been importing $300 million worth of salmon.
D、Salmon is eaten both raw and cooked.

If the dollar per pound exchange rate changes from $1.50 per pound to $2 per pound, it implies that the