Government of Vacation Land is concerned about the increasing obesity rate in their country. To reduce the issue, they have proposed the following polices to reduce the consumption of soft drinks. Illustrate each of the proposed policies in a supply and demand diagram of the market of soft drinks a. A price floor on soft drinks b. A tax on soft drink consumers c. A subsidy to sugarcane framers that reduce sugar prices.

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Price Ceilings and Price Floors

Price Ceilings and Price Floors strategy is used by the Government to control the prices of certain goods and services in the market. This method helps the Government to protect the interests of both buyers and suppliers in difficult economic times.