Marcus is the chief data analyst of the U.S. Fish and Wildlife Service for the West Coast. There is a growing concern about the overfishing in the Pacific fisheries, and Marcus needs to estimate the demand curve for salmon as part of the agency’s mitigation efforts. From data already collected he sees that when the price of a freshly caught salmon is $400, the public will demand a quantity of 1 million fish. If the price is $215 then the public will demand 4 million fish. Finally, if the price was $50 consumers will demand a quantity of 8 million fish. Which curve below is the correct demand curve for Pacific salmon given these three data points? Demand for Salmon 450 350 300 8S250 $200 $150 $100 550 s0 2 7 9 Quantity (millions) the blue curve the silver curve the orange curve
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