This is my answer to my simulation. Please proofread and correct any mistakes with what the explanation is. Thanks

Instruments at the government's disposal for resolving a market failure a single tax 2 The administration hastened the removal of three trade prohibitions. In the event of inflation, the government increased tax rates, putting less personal disposable income in the hands of the people. As a result, the X banded sure decreases, resolving the market failure and reverting the inflation situation to normal. For example, the tax rate increased from 12% to 18% in the event of deflation; the government decreased the money supply in the economy. Two government expenditures are necessary to rein in the economy's excess money. First, the government provides fewer subsidies to individuals, which results in individuals having to pay more for products. As a result, individuals make fewer purchases and postpone their purchasing plans, which results in market failure correction and vice versa. For instance, the government reduces subsidiaries responsible for cylinders and electricity by two thousand and vice versa. Three trade restrictions to rein down the economy's excessive money supply The government implemented trade restrictions to discourage investors from investing, which reduces aggregate expenditure in the economy and so corrects for market failure, and vice versa. While supply and demand are perfectly balanced in equilibrium, the government may intervene in the market by imposing price ceilings or floors, raising taxes, or taking other steps to reshape the economy. The price cap There is an upper limit on the price of a good; once a price ceiling is established, sellers cannot increase the price further. The inverse of a price ceiling is a price floor. A price floor is an artificially lowered price for a good. In most cases, the price floor is higher than the market price. Price floors are frequently used for agricultural products because the market price can sometimes be so low that farmers cannot support themselves. In such cases, the government sets a fee, which can create problems when the price is artificially raised above the quality supply exceeds the quantity demanded. In addition, with government intervention in the market, taxes cause consumer and product surplus to decline. While some of these losses are captured in the tax, the value of the units that would have been exchanged in the absence of the tax is not captured by any party. These last gains from trade are referred to as deadweight loss. The buyer's value minus the seller's loss of units that are no longer economically viable to trade due to a tax or other market intervention causing more issues.

Unit Price Value Nuisance $3.82 $1.70 -$0.13 1 2 $3.66 $3.32 -$0.13 total nuisance per person -$1.33 Total $1.13 You would like to sell 2 RobotDogs, each of which has a unique cost.RobotDogs bark and disturb everyone! For each RobotDog bought, the nuisance is: $0.13/person History Round Robot Dogs Sold 2 Your Nuisance $0.13 Market Payoff $2.46History Round 1 Robot Dogs Sold 2 Your Nuisance $0.13 Market Payoff $2.46 l\\ Reflect on the decisions you made in the simulation and address the following government intenrention . Government Tools: Discuss tools available to the government to correct a market failure. Provide examples from the textbook. . Supply and Demand Equilibrium: Describe how government intervention affects the supply and demand equilibrium. Refer to the simulation game to explain your responses. . Consumer or Producer Surplus: Specify which government interventions cause a consumer or producer surplus. Explain how theyr impact consumer or produce surplus. Provide examples from the textbook