Question: Suppose that due to more stringent environmental regulation it becomes more expensive for steel production firms to operate.Also, recent technological advances in plastics has reduced

Suppose that due to more stringent environmental regulation it becomes more expensive for steel production firms to operate.Also, recent technological advances in plastics has reduced the demand for steel products.Use Supply and Demand analysis to predict how these shocks will affect equilibrium price and quantity of steel.Can we say

expensive for steel production firms to operate.Also, recent technological advances in plastics

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