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Q1b) Replicate the previously drawn diagram (in Q1a) by hand drawing it on this page. Measure the welfare impact of the government decision on the

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Q1b) Replicate the previously drawn diagram (in Q1a) by hand drawing it on this page. Measure the welfare impact of the government decision on the family's welfare. Explain your answer and your diagram in detail.

image text in transcribed
Hesel for equim ! Demand = Supply A) - equim since = $ 50 equim quantity 2 250 teapots When P = $40 then there will be Shortage because Shortage 2 demand - Jupply 375 - 230 145

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