Noni is a tropical fruit grown in Hawaii and widely marketed as an herbal cure for various diseases. The market for Noni fruit is depicted in the graph below.?

Concerned that Noni fruit may be habit-forming and produce adverse side effects, the U.S. Department of Agriculture (USDA) and the Food and Drug Administration (FDA) decide to reduce the quantity of Noni available by restricting production to 10,000 pounds monthly.

a. Alter the supply curve to show the impact of the quantity regulation on the market for Noni.

b. What will the market price of Noni be after the regulation goes into effect?

c. What will happen to consumer surplus as a result of the regulation?

d. ?We, the producers of Noni fruit, stand united against these intrusive and unnecessary quantity restrictions. Until the dangers of Noni consumption are fully documented, we will fight for the freedom to produce all the Noni we want!? Given this public proclamation, do you expect Noni growers to fight hard against these regulations?

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Price Noni ($/pound) 2. Quantity (thousands of pounds) 10 20 30 3.