Can I please get further explanation on two questions. I have provided the questions with my answers.

• Consumer or Producer Surplus: Specify which government interventions cause aconsumer or producer surplus. Explain how they impact consumer or produce surplus. Provide examples from the textbook.

A tax causes consumer surplus and producer surplus to fall.

• Government Tools: Discusstoolsavailable to thegovernmentto correct a market failure. Provide examples from the textbook.

1.Taxes

2.New Laws

3.Trade Restrictions