Hi, need to submit a 750 words paper on the topic The first written homework assignment for this course is posted at the Content link. You should use the posted sources to ans. Question 2 Whitaker (2) says that in June 1973 cod blocks were going for 65 cents per pound, compared to around 22 cents in the same period in 1969. A graph has been provided that shows the worldwide landings and wholesale prices of cod blocks between 1960 and 1972, and the price is clearly 21 cents in 1968 (Whitaker 3). In April 2010, The Fish Site published an article titled US Groundfish Market Report. In the article, a graph was included that showed wholesale prices for cod and other groundfish. According to the graph, the wholesale price of cod blocks in 2008 was US$ 2.50 per pound (US Groundfish Market Report 1). Question 3 Supply (in metric tons) Price 1968 4.2 million 21 cents 2008 1.6 million $2.50 The conclusions I can draw from this table is that between 1968 and 2008, supply has been reducing, demand has remained high, and prices have continued to rise. Question 4 Generally, cod tonnage has been in steady decline (with the exception of a few years) between 1968 and 2008. This is how the demand curve also looks like, showing steady reduction and few increments. This is based on the sources provided. Question 5 The demand curve for cod shifted upwards from 1969-1972, compared to the years between 1960 and 1968.
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