The Achieving equilibrium will result in a rise in price and a decrease in quantity.
There will be less of a supply as a result of more rigorous FDA inspections on cattle ranches. Prices will increase if there is a decrease in supply and a constant demand. For the same quantity at the equilibrium price, consumers will pay more than they did previously, at least initially. In the long run, the increased pricing might encourage the entry of new suppliers. The equilibrium will change once more as a result.
Changes in Equilibrium:
Every market for an item has an equilibrium price at which the quantity provided and sought is equal. The supply or demand curves will vary when other factors change, changing the equilibrium.
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