Afederal law is imposed on gun sellers that all buyers of firearms need to have a background check prior to any transaction. sellers are expected to pay for the background check which costs approximately $1.00 per sale. what is expected to happen to the equilibrium price and quantity of firearms sold in the united states? explain only. no graphing will be required.

Part 1: interview at least three different people you know that fall within three age ranges (25-35), (36-50), and (51-70) year of age. ask each person you interview if they have life insurance (term, whole life etc.) and health insurance. ask what factors influenced their decision to buy or not the insurance coverage? report your findings to this assignment. specify who the people were that you spoke with.\