Suppose the market for shrimp is unregulated. In other words, the price of shrimp can adjust freely based on supply and demand forces. If a shortage exists in the shrimp market, then the current price must be market, you would expect

If there is a shortage in the shrimp market, the current price must be below the equilibrium price where supply meets demand. In this scenario, consumers are eager to buy more shrimp than what is being provided by producers, leading to increased competition among buyers, which typically drives prices up until the market reaches equilibrium again. As the price begins to rise in response to the shortage, suppliers are incentivized to increase their production of shrimp, and alternative sources of shrimp may also enter the market. Ultimately, this dynamic helps balance the supply and demand, ensuring that the market self-corrects and shrimp can be available to meet consumer needs at a sustainable price.