Consider the following measures and draw a suitable supply-demand diagram for each. In addition to the measure itself, this diagram should also show the prices prevailing on the market, the quantity traded, the consumer and producer surplus as well as the sales of the companies (the latter NOT in 2c) before and after the introduction of the measure.[Note: If your drawing becomes too confusing, you can also draw two diagrams (before/after). In that case, make sure that both diagrams are exactly the same size and that all unchanged elements are drawn in identically].2a) In order to reduce alcohol consumption in the population, the government sets an effective minimum price for alcoholic beverages.2b) To promote new technologies and boost the production of electronic components ("chips"), the federal government repeals the producer tax on this market. 2c) The local cinema is the only one far and wide. To sell more tickets, instead of a single price for all show times, it now offers tiered prices according to morning, afternoon and evening tickets.
Consider the following measures and draw a suitable supply-demand diagram for each. In addition to the measure itself, this diagram should also show the prices prevailing on the market, the quantity traded, the
[Note: If your drawing becomes too confusing, you can also draw two diagrams (before/after). In that case, make sure that both diagrams are exactly the same size and that all unchanged elements are drawn in identically].
2a) In order to reduce alcohol consumption in the population, the government sets an effective minimum price for alcoholic beverages.
2b) To promote new technologies and boost the production of electronic components ("chips"), the federal government repeals the producer tax on this market.
2c) The local cinema is the only one far and wide. To sell more tickets, instead of a single price for all show times, it now offers tiered prices according to morning, afternoon and evening tickets.
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