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 ofag, xhv0owbkvzth,w2 1i9q a*7q6 g a1 a subsidy for public transportatiao*,v0k2v 1wqgth9xqg,76 hb 1w a izaon?

  Which of the following interventions would be most appropriate in an9gp :n0xj 7ngddressing the excess demand caused by a magx7 npj:g9n0nximum price?

  Cocoa farmers in the ht9re xee,sae 0n0zv1+ypothetical 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 dedicated to cocoa, resulting in the loss of native forests. The supply chain i e0tz0nevx9ase+e, 1r ncludes 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 8 ref k6w a5e)vtxq9,(hqwkb2 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 rawv, 9 8eb2a(x)wtr5q6fqhkek tes 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 government interv4ktz8e wcz62k ql0+xxention is likely to attain the highest amount of allocative efficienk24ztl6xc8+0z w k xqecy?

  
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 tax likely be hdl 2q(:+ -7fhp 7iesmqkpy5. dfji5tcighestq5s lipyp.tq d(m- hc+ effj d527:i7k?

	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