Answer:
The given first statement is true, that is, with the increase in the demand for chicken, the chicken market will rise, and in the same way with the decline in the demand for beef, the production of cattle will decrease based on the law of demand.
The given second statement is also true, as the resources mentioned in the given statement is a tragedy of commons as the common access resources are rivalrous and non-excludable.
The given third statement is also true, as the mentioned ocean fisheries is a tragedy of commons as the common access resources are rivalrous and non-excludable.
The measurements taken by Jay are least likely to contain random errors.
When you increase the number of measurements, the random errors tend to minimize, because errors in one direction cancel with errors in the opposed direction.
