1. Using demand and supply analysis, explain the effect on the equilibrium price and quantity of a good or service if the number of buyers in the market for this good or service increases. 2. Discuss the type of price control that a government would implement if it wishes to impose a national minimum wage. Include in your answer the economic effects of such a price control. Motivate your answer with the aid of a diagram.

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A: * ANSWER :-        * (1) :-

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A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…