A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps untouched. Boats are not needed to collect the trapped lobsters. People enjoy eating fresh fish with tartar sauce and lobster with drawn butter equally. Explain the effect of the hurricane on the demand and supply for drawn butter.

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Business

Justice Velazquez

16 July, 03:32

A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps untouched. Boats are not needed to collect the trapped lobsters. People enjoy eating fresh fish with tartar sauce and lobster with drawn butter equally. Explain the effect of the hurricane on the demand and supply for drawn butter.

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Natasha Clark · Answer 1

Answer: Here in this particular case, people prefer and enjoy both eating fresh fish with tartar sauce and lobster with drawn butter.

Given : A hurricane destroys most of the fishing boats on the Macro Islands but leaves the lobster traps untouched.

Therefore, there will be a bountiful supply of Lobster.

whereas;

Fishing requires boat and since they are decimated, therefore there will be decrease in supply.

Hence, people will demand more of "drawn butter" in order to compliment lobsters.