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Each spring, the town of Kiteeld has a festival of kites. One year, Kiteeld experiences an economic depression. This causes many of the kite factories

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Each spring, the town of Kiteeld has a festival of kites. One year, Kiteeld experiences an economic depression. This causes many of the kite factories to close. The decrease in producers shifts the supply curve to m. Since most of the workers in the town are laid off and no longer willing to participate in the festival, the Kiteeld town council passes an ordinance forbidding the sale of kites at any price ABOVE $15. Kite Don-mi and Supply Md'gudlhu do 3. Analyze the effect of Kiteeld's new policy. a. Describe the type of policy enacted(Floor or Ceiling). b. Describe the problem it creates (Surplus or Shortages). c. Explain what causes the problem identied in part b d. Explain how the policy in part A caused the problem in part B Evaluate the effect (costs and benets) of the policy on producers and consumer. e. The policy in part A (helped/hurt) producers because... f. The policy in part A (helped/hurt) consumers because

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