1. Consider a natural gas market that provides fuel to an electric utility that is a monopoly. The cost to produce natural gas has declined due to the abundance of production. The most likely initial impact on theelectricity market, all else equal, should be

Group of answer choices

a shift to the right of the marginal cost (supply curve)

a reduction in the equilibrium price of electricity

an increase in the quantity traded in the electricity market

all of the above

none of the above