Tag Archives: laws of supply and demand
“It’s been an exemplary season,” – Maine fishermen cash in as lobster cracks $4 a pound
Bob Williams has been hauling lobster traps in Penobscot Bay since 1959 and says this year’s season has been among the most profitable ever. “It’s rare for us to have a fairly good catch and high prices,” said Williams, 78, who lives in Stonington. It’s a combination that seems to defy the laws of supply and demand – a large catch tends to lower wholesale prices. But that’s not happening this year even with Maine fishermen on track,,, Read the rest here 11:39
