6.8 The government wants to drive the price of soybeans above the equilibrium price, p1, to p2. It offers growers a lump-sum payment of x to reduce their output from Q1 (the equilibrium level) to Q2, which is the quantity demanded by consumers at p2. Use a figure to show how large x must be (an area in the figure) for growers to reduce output to this level. What are the effects of this program on consumers, farmers, and total welfare? Compare this approach to

(a) offering a price support of p2,

(b) offering a price support and a quota set at Q1, and

(c) offering a price support and a quota set at Q2.