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Answer all of the following questions for a total of 15 marks. Government Intervention Price $ Demand Supply $5.00 $3.00......... 17000 22000 26000 Quantity (kg)

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Answer all of the following questions for a total of 15 marks. Government Intervention Price $ Demand Supply $5.00 $3.00......... 17000 22000 26000 Quantity (kg) 1. Based on the graph above, answer the following questions. (4 marks) A coffee-producing country requires all its growers to sell to a single, government-owned marketing board. Suppose the marketing board puts a price ceiling of $3.00 on the coffee it buys from its growers. a) What effect will this have on coffee production in this country? b) Do consumers benefit from this decision

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