equilibrium price wil fell and equibrum quantity will ise

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Suppose state governiments, in an attempt to help save family farms, issued licenses that ellowed family tarms to grow a heretofore-tiegai substence Asa result, in the mariker for ms
substance
Multiple Choice
equilibrum pnice will fal and equlibrum qusntity will se
both equibrum price and quentity wil fal
both equilibrum price and quentity will rise
equilibrium price wil riae and equilibrium quentity wil fall
Transcribed Image Text:Suppose state governiments, in an attempt to help save family farms, issued licenses that ellowed family tarms to grow a heretofore-tiegai substence Asa result, in the mariker for ms substance Multiple Choice equilibrum pnice will fal and equlibrum qusntity will se both equibrum price and quentity wil fal both equilibrum price and quentity will rise equilibrium price wil riae and equilibrium quentity wil fall
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