If a minimum price is imposed at $P_min$, what would the quantity demanded be equal to?

  Which of the following is an unlikely consequence of a subsidy for publi*9tx0p66.j qq)syz /k frbrfpc transporp*fqx js z6.tqf/)kyb6p0r9 rtation?

  Which of the following intedmnp0ip199 rx rventions would be most appropriate in addressing the excess demand caused by a 0x1rndpp99mi maximum price?

  Cocoa farmers in the hypoto4jzx o1g6w1hl)l4,x zoy5x ghetical country of Chocolattia face extreme poverty, earning less than a dollar a day. Deforestation caused by cocoa production poses environmental risks, with around 40% of land d6wx4g g5 oxzyj,1h1 oxl) zlo4edicated to cocoa, resulting in the loss of native forests. The supply chain includes issues with drug trafficking and child slavery. Chocolate is a product that uses cocoa as an input.
Referring to the scenario above, which of the following forms of government intervention will not correct this market failure?

  In the hypothetical coun p3m/jwu.o5 jgi uuvz 18n7lz0try of Smokeland, the government implements high indirect taxes on cigarettes to deter consumption. Strict regulations on advertising and promotion, coupled with public health programs funded by tax revenues, lead to reduced smoking rates and improved public health j gpv1izu3 ozwln.85ju7u0/moutcomes.
Which of the following is not a possible outcome of these forms of government intervention?

  
The market equilibrium for milk is initially at point X. If the government eliminates a subsidy on milk production, and the price of coffee decreases, what would the new equilibrium be?

  Which form of government int(c 3v4f.kn mvmervention is likely to attain the highest amount of allocative efficiennkv3. cf( vmm4cy?

  
Calculate the deadweight loss incurred from the subsidy in the diagram above.

  
Calculate the amount paid by producers of the indirect tax shown in the above diagram.

  Under which scenario would producer incidence of an indirect n8syl3-r/t qngqvdc*4 olu4 5 tax likely be highest? n45o83qv 4/nytgurq-d lls*c

	Demand	Supply
A.	PED = 0.8	PES = 0.8
B.	PED = 1.2	PES = 0.8
C.	PED = 0.8	PES = 1.2
D.	PED = 1.2	PES = 1.2

  
Using the diagram above, calculate the size of the welfare loss and the total cost of the subsidy that the government should provide so that the market will achieve allocative efficiency.

	Size of welfare loss	Total cost of subsidy
A.	$ 200 000	$1 400 000
B.	$ 200 000	$ 1 200 000
C.	$ 100 000	$ 1 200 000
D.	$ 100 000	$ 1 400 000

  
Using the diagram above, calculate the size of an indirect tax that would eliminate the externality, the total tax revenue that the government would collect, and the resulting equilibrium quantity after the imposition of the tax.

	Size of indirect tax per unit	Total tax revenue	Quantity bought and sold after tax
A.	$2	$1400000	700000 unites
B.	$2	$ 1200000	600000 units
C.	$1	$ 1200000	600000 units
D.	$1	$ 1400000	700000 units