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:
Journal Entry
A record in the accounting books of a business that represents a single transaction and its impact on the company's finances.
Journal Entry
A recorded transaction in the accounting records of a company, marking the financial events of a business.
Common Stock
Equity ownership in a corporation, with voting rights and the potential to receive dividends.
Cash Dividend
A payment made by a company to its shareholders, usually as a distribution of profits.
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