Assume that the market for cage-free eggs is perfectly competitive. All else equal, as farmers find ...

Assume that the market for cage-free eggs is perfectly competitive. All else equal, as farmers find it less profitable to produce and sell cage-free eggs in this market

• the demand curve will shift to the left and the equilibrium price will decrease.

• the supply curve will shift to the left and the equilibrium price will increase.

• the supply curve will shift to the right, the demand curve will shift to the left, and the equilibrium price will decrease.

• the supply curve will shift to the left, the demand curve will shift to the left, and the equilibrium price will increase.