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

  Which of the following is an unl,zf e.f +u4lxgikely consequence of a subsidy for public transpo,+ l4 xegzu.ffrtation?

  Which of the following interventions would *u*dl;b j abg:md6i b,be most appropriate in addressing the excess dema bdm u*,bgbj*il: ;ad6nd caused by a maximum price?

  Cocoa farmers in the hypothetical country of Chocolattia face extremeu4brao(uk 1u2 poverty, earning less than a dollar a day. Deforestation caused by cocoa production poses environmental risks, with around 40% of land dedicated to cocoa, resulting in the loss of native forests. The supplu2 (ro1 u4bkuay 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 country of Smokeland, the government implements hi ae 5hs g(vjj(80s,znxgh indirect taxes on cigarettes to deter consumption. Strict regulations on advertising and pre 8g, s5(hv0a(nj szxjomotion, coupled with public health programs funded by tax revenues, lead to reduced smoking rates and improved public health outcomes.
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 governme0;96bhloxa1 ;y khk p-d9jko ynt intervention is likely to attain the highest amount of allocat9-h kdo69laxo b1j yhk ;y;p0kive efficiency?

  
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 prodrp7(,(xwxr7kwbo ym8rdts 3 0 ucer incidence of an indirect tax likely be highest w0 7ws( dk8b,ryx (t73pxmror?

	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