In the Following Figure, the First Panel Shows a Market

True/False

In the following figure, the first panel shows a market situation prior to regulation and the second panel shows the effects of regulation.Figure 14.2
In the figure,
D: Demand curve for automobiles
S₁: Supply curve of automobiles prior to regulation
S₂: Supply curve of automobiles after regulation
FG: Clean up cost per unit
-For the world as a whole, economic freedom increased since 1994 as the countries opened up in the world market and the governments slashed tax rates.