Suppose the government enacts a new law, which requires all tattoo parlors to pass strict licensing tests and also to use a new more costly sterilization process of their tattoo tools. This new law would cause a. an increase in the supply of tattoos and a lower price for tattoos. b. an increase in the supply of tattoos and a higher price for tattoos. c. a decrease in the supply of tattoos and a higher price for tattoos. d. a decrease in the supply of tattoos and a lower price for tattoos.
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