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Each spring, the town of Kitefield has a festival of kites. One year, newcomers arrive in Kiteeld and establish a kite-production facility. competition, the Kiteeld

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Each spring, the town of Kitefield has a festival of kites. One year, newcomers arrive in Kiteeld and establish a kite-production facility. competition, the Kiteeld town council is concerned about a possible loss of income to the long-established kite makers in town. To protect their income, the council passes an ordinance forbidding the sale of kites at any price BELOW $15. Kite Demand and Supply 0 n m 200' 3m 4m 1500 we sou nun-mamas\" l. Analyze the effect of Kiteeld's new ordinance or 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 (1. Explain how the policy in part A caused the problem in part B Evaluate the effect (costs and benefits) 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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