b. A fast-food chain purchases cod for use in its Fish 'n' Chips meals. Already hurt by the reduced supply of cod, the fast-food chain has lobbied aggressively for price controls on farmed halibut. As a result, the Parliament has considered imposing a price ceiling on halibut at the former equilibrium pricethe price that prevailed before overfishing reduced the supply of cod ($8 per pound). Suppose the Parliament adopts the price control policy, which sets the price at $8 per pound. On the graph below, show what will happen in the market for farmed halibut