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13) a. Imagine the following model represents the market for Ohio's natural gas. Show how the completion of a new pipeline to the East Coast
13) a. Imagine the following model represents the market for Ohio's natural gas. Show how the completion of a new pipeline to the East Coast might affect the equilibrium price and quantity. Briefly explain your answer. (5 Points) P. $ per MCF Q MCF per day b. Imagine the following model represents the national market for natural gas. Show how the equilibrium price and quantity might be affected if it were scientifically proven that the production process known as hydraulic fracturing ("fracking") actually did cause groundwater contamination. Briefly explain your answer. (4 Points) P. $ per MCF PI D Q. MCF per day
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