1. Are you in favor of federal government agricultural price supports of products such as wheat, corn, rich, sugar, soybeans, and dairy milk? Explain with economic reasoning that should incorporate the following: Benefits and Costs. Who will benefit and who will not from such a policy? Describe in what ways some will benefit and some will not. Using supply and demand, what situation will this policy likely cause in these markets? Regardless of your position, what would convince you to change your mind? 2. Are you in favor of rent control laws? Explain with economic reasoning that should incorporate the following: Benefits and Costs. Who will benefit and who will not from such a policy? Describe in what ways some will benefit and some will not. Using supply and demand, what situation will this policy likely cause in these markets? Regardless of your position, what would convince you to change your mind