The change over is successful, and the Reina goes live with the value you found previously. Immediately, prices are set in Reinas. Suppose that bread, a representative good, is priced at 2 USD outside of Queens and 25 Reinas in the borough a) Based on these data, what expectation would be created? (2 pts.) b) The expectation would create what initial effect(s)? (4 pts.) c) How would the market adjust? (4 pts.) d) How would equilibrium be affected by this these? (4 pts.)
