0.83 l 3.33 pts Question 6 Identify each of the changes the following market intervention would cause in a competitive market compared to the original equilibrium. Intervention: A 3rd party payer system is established with the co-pay (price to the consumer) set to $70.00. Any additional costs per bushel will be covered by the 3rd _. m _. m _. T F_sk_s _ _ _ m _ m m _ _ _ _ _ _ _ T..+.i.T L !.+.i._! I\"? - _ _ _ _ _ _ _ m m m _ m m _ - _ _ _ _ _ _ s m m m m um w. I..\"-.uluml IWII W\" m m m A - - _ _ _ '._.._',._.._;.._.._;.._.4...-..;..._..;_.._..;_.._.; Bushcls of Apples, Thousands The price suppliers receive decreases The price suppliers receive increases 60 50 --- 40 30 201- 10 2 8 9 10 11 12 13 14 15 Bushels of Apples, Thousands The price suppliers receive decreases O The price suppliers receive increases The price consumers pay decreases The price consumers pay increases O the quantity purchased decreases The quantity purchased increases O The market reaches a new equilibrium (Qs = Qd)