Select all that apply: Which of the following scenarios describe the impact on equilibrium price and quantity when supply decreases (while holding everything else constant)?
Multiple select question.
A. An oil spill causes several fishermen to leave the shrimp business and the equilibrium price of shrimp increases and quantity also increases.
B. An oil spill causes several fishermen to leave the shrimp business and the equilibrium price of shrimp increases while quantity decreases.
C. A fishing tax is placed on all shrimp and the equilibrium price of shrimp increases while quantity decreases.
D. An oil spill causes consumers to eat less shrimp and the equilibrium price of shrimp increases and quantity also increases.