Question: How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium quantity in the market for

How will a new law mandating an increase in required levels of automobile insurance affect the equilibrium price and equilibrium quantity in the market for new automobiles? O Equilibrium price will fall; equilibrium quantity will fall. O Equillibrium price will rise; equilibrium quantity will rise. O Equilibrium price will rise; equilibrium quantity will fall. O Equilibrium price will fall; equilibrium quantity will rise

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