Government Tools: Discusstoolsavailable to thegovernmentto correct a market failure. Provide examples from the textbook.(This question does not show up in the final project template)

Supply and Demand Equilibrium: Describe how government intervention affects thesupply and demand equilibrium. Refer to the simulation game to explain your responses.

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