In a relatively small Pennsylvania college town, the average body mass index among young adults has caught the attention of the local health officials and policy makers. In fact, a recent report from the local health officials state that thhe local food options available explain part of the health outcome observed among young adults. (Not for sale Do not copy). With a desire to address this health issue, the local government considers implementing a series of targeted policies in different markets, one of which is the market for a popular drink. The market for this popular drink is described by the following equations: Q = 25P - 62.5, and Q = 140.625 - 6.25P, where Q represents quarts of this popular drink per day, and P is the price for a quart of this popular drink. The government is considering whether to implement a price control or an excise tax. Consider the market outcomes from the price control of $7.50 with the market outcome from the excise tax $2.50

What can be said about these policies and the government's outcome? (complete the sentence below)

As a result of the price control, consumers pay Term 1

of the price control and sellers pay Term 2 of the price control. Furthermore, compared to sellers, buyers are Term 3 to the price change with the price control. On the other hand, as a result of the excise tax, buyers pay Term 4 of the excise tax and sellers pay Term 5 of the excise tax. Compared to sellers, buyers are Term 6 to the price change with the excise tax. With the price control, the government's revenue is Term 7 the government's revenue with the excise tax. If the government seeks to decrease consumption of these drinks, they should implement Term 8

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