Suppose the market for coal used at power plants to make electricity had been stable at P = $50/ton and Q = 45 million tons for the past couple years. Next, the price of natural gas (also used by power plants to make electricity so a substitute for coal) declines 50% due to production innovations in natural gas drilling. At the same time, some new environmental regulations on how coal can be mined causes some drop in supply of coal. At the new market equilibrium in the coal market after both of these shocks happen, equilibrium price _______ and the equilibrium quantity ________ Question 25 options: will be higher than $50; may be higher or lower than 45 million tons will be lower than $50; will be less than 45 million tons may be higher or lower than $50; will be less than 45 million tons may be higher or lower than $50; will be more than 45 million tons