commercial buyers pay at the fishing docks. What consumers pay at the grocery is higher.)

Step 2. Did the economic event affect supply or demand? Good weather is an example of a natural condition

that affects supply.

Step 3. Was the effect on supply an increase or a decrease? Good weather is a change in natural conditions that

increases the quantity supplied at any given price. The supply curve shifts to the right, moving from the
original supply curve S0 to the new supply curve S1, which Figure 3.16 and Table 3.6 show.

Step 4. Compare the new equilibrium price and quantity to the original equilibrium. At the new equilibrium E1,
the equilibrium price falls from $3.25 to $2.50, but the equilibrium quantity increases from 250,000 to

550,000 salmon. Notice that the equilibrium quantity demanded increased, even though the demand curve

did not move.

In short, good weather conditions increased supply of the California commercial salmon. The result was a
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