What is the immediate result of applying the Clean Air Act to a previously nonregulated industry?
A) Price decreases and production is reduced.
B) Price increases and production is reduced.
C) Price decreases and production is enlarged.
D) Price increases and production is enlarged.

Question

Quizplus · Accepted Answer

Applying the Clean Air Act to a previously nonregulated industry would require them to invest in pollution controls, which would increase their costs of production. This would lead to an increase in the price of their products. Additionally, production may be reduced due to the costs associated with compliance.

What Is the Immediate Result of Applying the Clean Air