The market for butter is currently in equilibrium at pe price and is selling Qe quantity.
There is a new invention process-but an expensive one-from removing all cholesterol from butter. The government has mandated it's use therefore, all butter producers are to invest in this new technology. Beside this there is an increase in the price of margarine.
using the demand and supply analysis, explain ( graphically) what happens to the equilibrium price and equilibrium quantity?
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