xplain how the ban of export of chicken will affect the welfare of consumers, producers and the society as a whole in Country A. Support your answers with a diagram of chicken market in Country A.

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter3: Market Demand And Supply
Section3.A: Consumer Surplus, Proudcer Suplus, And Market Efficency
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Consider Country A that produces a large amount of chicken, keeping part of them for local consumption and exporting the surplus amount of chicken to other countries. Due to increasing price of chicken which adds to the higher living costs in Country A, there are increasing requests from the residents of Country A to make chicken more affordable.

In Country A, chicken is the cheapest white meat consumed by almost every household. It is also the main source of protein with very few close substitutes. Rearing chicken also needs time and a substantial amount of land. 

 The government of Country A has decided to ban the export of chicken to other countries to help the consumers of Country A. Appraise the efficiency of the chicken market with the export ban. Explain how the ban of export of chicken will affect the welfare of consumers, producers and the society as a whole in Country A. Support your answers with a diagram of chicken market in Country A. Your diagram needs to reflect the correct price elasticity of demand and supply.

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