A decrease in the demand for recreational fishing boats might be caused by an:________.
a) decrease in the number of sports fishers
b) an increase in the number of sports fishers
c) a decrease in the price of fishing boats
d) an increase in the price of fishing boats.

Respuesta :

Answer:

a) decrease in the number of sports fishers

d) an increase in the price of fishing boats.

Explanation:

The law of demand argues that the demand for a product is inversely proportional to its price. Β A decrease in the price of a product will result in an increase in its demand. For the fishing boats, an increase in their prices might lead to a reduction in their demand. When the boats become expensive, some potential customers will opt to do without them.

A decrease in the number of sport fishers may also result in a decrease in the demand for recreational fishing boats. Β Recreation fishing is more of a sport than a commercial activity. Sport fishers make a sizable market for the recreational boats. A decrease in customers number will cause a decrease in demand.

A decrease in the number of recreational fishing boats may be caused by a Β decrease in the number of sports fishers.

What is a decrease in demand?

This is a sentence that is used to show that demand for a good or a service has fallen compared to what it used to be.

When the people that do this activity decreases, there would be reduced demand for the fishing boats.

Read more on Β decrease in demand here:

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