Hello Sir/ Ma'am,

May I get some help with his question? It is due soon.

The graph below depicts the market for rice in the country of Shiva. D2 10 7 SZ 6 Price ($) 2 - 0 10 Quantity per period (millions of kilos) reseta} What is the present equilibrium price and quantity purchased in this market? Price: $ |:| Quantity purchased: |:| million kilos b) How much, in total. are rice buyers paying for this quantity? $ |:| million :1 Suppose that the government introduces a price floor of $7 per kilo. How much, in total, will rice buyers now be paying? $ |:| million d} As a result of the price oor. what will be the total amount of the surplus? Surplus: |:| million kilos What will be the dollar amount of this surplus? Amount of surplus: $ |:| million Who will be responsible for buying this surplus. the government or the farmers? Buying the surplus amount is the responsibility of the: . e) Suppose that after the imposition of the price floor, the demand in Shiva increases by 1.5 million kilos. Draw the new demand curve on the graph above, and label it D2. Plot only the endpoints of the curve above. f) Now, how much in total will rice buyers be paying? Round your answer to one decimal place. Price: $ Quantity purchased: million kilos Total spending: $ million g) What will be the total amount of the new surplus? Round your answer to one decimal place. Surplus: million kilos What will be the dollar amount of this surplus? Amount of surplus: $ millionh] Aer the change in demand, what would happen if, as a result of a bad harvest, the supply now drops by three million kilos? Draw the new supply curve on the graph above. and label it 5;. Plot only the endpoints of the curve above. i] What will be the new price. the quantity traded, the total spending of buyers, the surplus, and the dollar amount of the surplus? Price: $ |:| Quantity traded: million kilos Total spending: :5 |:| million Surplus: |:| kilos