1.The federal government is concerned about the negative effects of cigarette smoking in the United States. Suppose Congress is considering two plans. One plan would limit the production of cigarettes. The other would require manufacturers to include graphic photos on cigarette packages of people suffering cancer's effects. Which of the following statements is true?

a.Both programs would increase the price of cigarettes.

b.Both programs would reduce the quantity of cigarettes sold.

c.Both programs would decrease revenues for cigarette manufacturers.

d.All of the above are correct.

e.None of the above answers are correct.