examine the factors that can motivate the government to reduce the price of rice at $20 per 10 kg bag and the effects of that government legislation on the rice market
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please examine the factors that can motivate the government to reduce the price of rice at $20 per 10 kg bag and the effects of that government legislation on the rice market
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- A government of a country X would like to administer two programs that affect the market for cigarettes. Media campaigns and labeling requirements are aimed at making the public aware of the dangers of cigarette smoking. At the same time, the Department of Agriculture maintains a price support program for tobacco farmers, which raises the price of tobacco above the equilibrium price. 1- How do these two programs affect cigarette consumption? 2- Use a graph of the cigarette market in your answer. 3- What is the combined effect of these two programs on the price of cigarettes? 4- Cigarettes are also heavily taxed. What effect does this tax have on cigarette consumption?The government in your country is considering three programs that affect the market for cigarettes. Program 1: Media campaigns and labeling requirements aimed at making the public aware of the dangers of cigarette smoking. Program 2: A price-support program for tobacco farmers. Program 3: A cap on the number of cases of cigarettes sold per quarter at 20,000 cases. The aim of the government is to support farmers while reducing the consumption of cigarettes. What program or combination of programs should be implemented? and Why?The government in your country is considering three programs that affect the market for cigarettes. Program 1: Media campaigns and labelling requirements aimed at making the public aware of the dangers of cigarette smoking Program 2: A price-support program for tobacco farmers Program 3: A cap on the number of cases of cigarettes sold per quarter at 20,000 cases. The aim of the government is to support farmers while reducing the consumption of cigarettes. What program of combination of programs should be implemented? Why?
- Explain how demand and supply interact to determine the prices of goods and services and the quantities exchanged. Apply demand and supply analysis to a variety of topics in a market economy, including problems of price controls and rent controls, minimum wage laws.Which government policy measure would reduce the price of a product and increase the quantity traded in the market? Pick a,b,c or d a. The setting of a maximum price b. The setting of a minimum price c. The imposition of a tax d. The granting of subsidyThe market demand for milk in country x is 18 billion gallons per month,but the supply is 10 billion gallons per month. What must happen in order to achieve market equilibrium
- If the government sets a price ceiling in the market for fuel oil that falls below the equilibrium price , it will Question 14 options: lead to the quantity demanded of fuel oil exceeding the quantity supplied. lead to the quantity supplied of fuel oil exceeding the quantity demanded. decrease the demand for fuel oil. increase the supply of fuel oil. have no effect in the market for fuel oil.Explain and use diagrams to demonstrate the effect on prices and output if : farmers experience excellent growing conditions for a prolonged period households decide to spend a larger share of incomeApplications of Demand and Supply Consider the graph below representing the market for soybeans. Question: Suppose the government imposes a $6 price floor in this market and decides to buy the excess supply of soybeans.. What is the quantity of soybeans demanded? The quantity supplied? What is the cost of this policy to the government?
- Ignoring rationing problems and black markets, under rent control (or any price ceiling that produces a shortage) the price paid by consumers equals the marginal cost of producing the good. Does this mean the output level is efficient? Explain.Consider a poor country confronting the rising price of eggs, an important food source for the population. The government considers imposing a price ceiling to keep the price of eggs at an affordable level for the population. The price ceiling would cause the following... Group of answer choices At the new price, fewer egg producers would supply the market and there would be fewer eggs available on the market. The quantity of eggs demanded and supplied to the market would rise and the market would reach a new better equilibrium The market will get the signal that more eggs are needed and more producers will join the market to raise production. The population would be able to afford more eggs and improve their situation.. Which statement best explains how a price ceiling affects the market for gasoline? It can cause more gasoline producers to enter the market. It can lead to producers increasing their production costs for gasoline. It can cause shortages in the supply of gasoline. It can lead to a decrease in the demand from consumers for gasoline.
