North Myrtle Beach, South Carolina is a popular vacation destination for people of all ages. Until recently, visitors to the beaches in the city could rent beach chairs and umbrellas and buy drinks and snacks on | the beaches from both private vendors and from the city of North Myrtle Beach itself. But in July 2022, North Myrtle Beach passed a law prohibiting the sale or rental of goods by private businesses on - beaches within the city limits. As a result, the city of North Myrtle Beach is the only entity allowed to rent and sell beach gear and snacks on the beaches of North Myrtle Beach. a. Explain the effect of this law on the price and quantity of beach chairs, beach umbrellas, and drinks and snacks on North Myrtle Beach beaches. b. From an Economics perspective, is this law Good or Bad or Something In-Between for society as a whole? Explain your