Red Lobster and Olive Garden?

Today's class really had me thinking why Red Lobster, Olive Garden and even Applebee's prices have increased in a short period of time. Our fish and other ocean life are endangered. I have recently eaten at these restaurants and my experiences were similar. I occasionally go out to eat at cheaper restaurants because I am a poor college student but recently I have been eating on campus because restaurant prices have gone up. I went to Red Lobster the other night and I was shocked when I looked at the menu because I usually order the pick two dinner. I was shocked to see that the price went up, so I was thinking maybe the portion size went up also. The waiter brought my food to the table and the portion size was extremely smaller than what it used to be. I knew that fish and other sea life is diminishing rather quickly but I never considered that it would drive the market price up. But today's class made me realize why the prices of seafood dishes have risen. But it's not only the seafood dish prices that have risen, prices in general are rising and it's all because the price of everything is increasing and in order for companies to make money, they have to raise their prices to make profit.

Econ 200
T R 8:00 am