"A good harvest from conducive weather may not always benefit the farmers in terms of revenue earned". Discuss using a suitable farm product diagram the validity of this statement, taking into consideration the price elasticity of demand for farm products.

"While a tax tends to create the deadweight loss, a subsidy always results in a higher economic surplus. Hence the government should avoid imposing taxes and should always provide a subsidy in the market". Do you agree? Illustrate with suitable market diagrams.

Hi, I need help with these 2 questions. Would appreciate if someone could assist me with diagrams. Thank you!