Demand and Supply Schedules for Chocolate Bars Price Quantity Demanded Quantity Supplied ($) (thousands per week) (thousands per week) 2.00 1500 2100 1.80 1600 2050 1.60 1700 2000 1.40 1800 1950 1.20 1900 1900 1.00 2000 1850 0.80 2100 1800 0.60 2200 1750 0.40 2300 1700 1. Refer to Table. Suppose that as a public-health measure the government wants to reduce the number of chocolate bars children consume. To achieve this outcome the government could implement which of the following policies? Explain your answer fully. A) Impose an equilibrium price of $1.80. B) Impose a price floor of $1.80. C) Impose a price ceiling of $1.80. D) Impose an equilibrium price of $1.20. (3 pts) 2. Refer to Table. Suppose the government imposed a price of $0.60 per chocolate bar. What would be the impact of this on the market equilibrium price and quantity? Explain why the market will react that way. (3 pts) 3. Refer to Table. Suppose the government imposed a price of $1.80 per chocolate bar. What would be the impact of this on the market equilibrium price and quantity? Explain why the market will react that way. (3 pts) 4. Refer to Table. Suppose the government established a price floor of $1.00 per chocolate bar. How many thousands of chocolate bars would be exchanged per week? Explain your answer. (3 pts)