2. Market: Computer Games A reputable private research institute announces that children who play computer games
also improve their grades in school. Plot the graph. Identify your equilibrium price. Is it a shortage or surplus at
$3 & identify whether at this price if it is a price ceiling or price floor if gov intervened.
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Alaska king crab fishing in the 1960s and '70s was a dangerous but rich fishery. boats from as far away as california and japan braved the treacherous gulf of alaska crossing to reach the abundant king crab beds in cook inlet and bristol bay. suddenly, in the early 1980s, the fishery crashed due to over fishing. all crabbing in those areas ended. to this day, there is no crabbing in bristol bay or cook inlet. a. how would an economist explain the decline of the alaska king crab fishery