Consider the market for nuclear power where two events happen simultaneously. First, nuclear power comes preferred over coal because it is less damaging to the environment. Second, regulations make it more difficult to produce nuclear power. What is the impact on equilibrium price and quantity?
Group of answer choices
O The equilibrium quantity will rise, and the change in the equilibrium price will be ambiguous
O The equilibrium price will rise, and the change in the equilibrium quantity will be ambiguous
O The equilibrium quantity will fall, and the change in the equilibrium price will be ambiguous
O The equilibrium price will fall, and the change in the equilibrium quantity will be ambiguous