Suppose that due to more stringent environmental regulation it becomes more expensive for steel production firms to operate. Also, recent technological advances in plastics has reduced the demand for steel products. Use Supply and Demand analysis to predict how these shocks will affect equilibrium price and quantity of steel. Can we say with certainty that the market price for steel will fall? Why? 
Definitions:
Molecular Orbital
A mathematical equation that models the wave-like properties of an electron within a molecule.
Carbon-carbon Bond
A covalent bond between two carbon atoms.
Ethane
A simple alkane with the chemical formula C2H6, consisting of two carbon atoms single-bonded to each other and to hydrogen atoms.
Atomic Orbitals
Formulas that represent the oscillatory nature of electrons in atoms.
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